Pf News

Real rate of interest is card rate minus inflation rate. The retail inflation for August stood at 5.3 percent.

Govt raises family pension for PSB employees; employer contribution to NPS also increased

Panda said a dozen PSBs have become leaner and started delivering profits which have upped the investor confidence in them and made them self-dependent for capital raising.

PFRDA pension subscriber base rises 24% to touch 4.35 crore in June

The total pension assets under management stood at Rs 6,16,517 crore as on June 30, showing a yearly growth of 32.67 percent, the Pension Fund Regulatory and Development Authority (PFRDA) said.

Personal insolvency: SC to decide on transferring pending cases to itself

Some of the counsels appearing in the matter opposed the transfer of writ petitions and said that it would be better if the high courts decide the issue, and the top court will have the benefit of judgement of the high court.

Pradhan Mantri Vaya Vandana Yojana rate of return reduced to 7.4%, scheme extended until March 2023

In Union Budget 2018-19, the government had extend the scheme up to March 2020 with an assured return of 8 percent, and also doubled the investment limit per senior citizen to Rs 15 lakh.

Employees' PF contribution can go higher than 10%, not of employers: Labour ministry

The ministry on Monday notified lower rates of provident fund contribution at 10 percent, increasing the in-hand salary of 4.3 crore provident fund subscribers.

EPFO directs field offices to timely credit pension to 65 lakh EPS beneficiaries

The Employees' Provident Fund Organisation (EPFO) disburses monthly pension to over 65 lakh pensioners every month under the EPS.

Govt may cut rate on small savings schemes in next quarter

Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates.

PFRDA likely to add 10-12 lakh new subscribers by fiscal-end: Chairman

Total number of subscribers under the two schemes were around 3.38 crore as of February 22, 2020.

Limit on tax-free employer contribution to retirement funds to impact those with salary above Rs 60 lakh

Pandey further said taxing dividend income at the hands of the receiver is "most fair" rather than charging a dividend distribution tax (DDT) on the companies paying dividend because the rate of tax levied is then decided on the basis of the total income of the recipient.

Income Tax filing: Relief for joint property owners; Tax Dept allows use of simple forms to file returns

The department said the issue was examined and "it has been decided to allow a person, who jointly owns a single house property, to file his/her return of income in ITR-1 or ITR-4 Form, as may be applicable, if he/she meets the other conditions".

Small savings schemes: Govt keeps interest rates unchanged for Jan-Mar quarter

The interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.6 per cent. The interest on the senior citizens' scheme is paid quarterly.