MAXIMUM AGE FOR CALCULATION
5 things to know before investing in Sukanya Samriddhi Yojana (SSY): Eligibility, documents required and more
Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage.
Income Tax Saving: How to get Rs 70 lakh from Sukanya Samriddhi Yojana by investing Rs 12,500 every month, save tax
Income tax saving: Sukanya Samriddhi Yojana (SSY) can help you with a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961. It offers an attractive interest rate of 8.2% for the January to March quarter of 2024. What are the benefits and limitations of SSY? How much money can you make from this popular post office scheme?
Income tax saving for FY 23-24: How salaried taxpayers can claim deduction of up to Rs 3.35 lakh without HRA, loan
You can claim certain income tax deductions under different heads and therefore reduce your overall income tax liability. Section 80C of the Income-tax Act, 1961 is one of the most widely used deductions that offers a deduction of up to Rs 1.5 lakh in each financial year. But, there are others deductions as well that you can claim and lower your income tax outgo. Check what are the deductions that you can claim in FY2023-24.
How to apply for home loan, calculate cost, pre-close
Taking a home loan? Here is all you need to know.
Are you financially ready to buy a house worth Rs 50 lakh-Rs 70 lakh? Here's your checklist
From down payment to equated monthly instalments (EMIs) to location to additional cost for registrations, you need to consider a range of factors before you sign on the dotted line on a home. If you are asking yourself "am I ready to buy a house?", and if you are a first-time buyer, it would be wise to make a checklist before starting the process. But before you start the process ask yourself if you earn adequately to buy a property.
How much should a 40-year old invest now in NPS to get Rs 2 lakh pension per month after retirement?
NPS for retirement planning: NPS has emerged as one of the most popular tools for retirement planning and investment. Your returns from NPS will decide how much corpus you can accumulate. Let us say you have just turned 40. You have 20 years to accumulate a lump sum in NPS. If you want to earn a Rs 2 lakh pension per month from your NPS investment, here is how much contribution you must make now.
- Go To Page 1
Want maximum returns from NPS? Know best-performing National Pension System funds, how to choose pension fund manager
The choice of pension fund managers has broadened. Now, there are 10 pension fund managers to choose from. NPS investors are also allowed to switch their pension fund once in a year. From this year onwards, the PFRDA has allowed investors to spread their investments across three different pension fund managers. ET Wealth identifies the best performing NPS funds to help investors decide which pension fund manager they should go with.
ISB's Digital Transformation Programme: Reshaping businesses for the digital age
The Indian School of Business (ISB) has launched a Certificate Programme in Digital Transformation, a 12-week online programme that aims to provide a comprehensive understanding of technological disruptions across industries. The programme is designed for professionals who want to enhance their grasp of the tools, perspectives and philosophies of digital transformation to oversee transformational projects.
At 7.5%, 5-year post office time deposit (POTD) offers higher interest rate than major bank FDs; should you go for it?
Interest rate of post office time deposits (POTD) which matures in five years, has touched 7.5 per cent for the July-September quarter of 2023. The post office time deposit is similar to bank fixed deposits. Backed by the government, the money in the post office term deposits is completely protected, with guaranteed returns. When compared to five-year tax saving fixed deposits (FDs) of major public and private sector banks, 5-year post office time deposits offers a higher interest rate. Should you invest in 5-year POTD or 5-year bank fixed deposits? Let's find out
A new term life insurance policy for diabetics: High premium but much-needed financial security, should you buy?
Bajaj Allianz Life Insurance has now come up with a term insurance plan specially designed for people who have diabetes. Named as as Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c, it is a pure term life insurance cover. The minimum policy term will be for five years. The minimum sum assured will be Rs 25 lakh. The minimum entry age will be 30 years and the entry age goes up to 60 years for this plan. Should you buy it?
What is the formula to calculate EPS pension
The formula to calculate pension under Employees' Pension Scheme (EPS) was tweaked by the Employees' Provident Fund Organisation (EPFO) in 2014. Further, the EPFO has released a circular clarifying the method of pension computation for those who opt for higher EPS pension. Read on to know the formula for EPS pension calculation.
Want a longer home loan tenure of 40 years for lower EMIs? Be ready to pay 133% higher interest
Bajaj Housing Finance has recently extended the maximum tenure on its home loans to 40 years from 30 years for salaried borrowers. For a 40-year home loan, the company now offers equated monthly installments (EMIs), starting at Rs 733 per lakh. Longer tenure helps you bring down the EMI amount. Isn't a 40-year home loan with lower EMI an attractive deal, considering you have 10 more years to repay the loan? Probably not. Know why
Higher EPS pension calculation: Know the extra amount you need to pay, returns you will get; should you go for it?
EPFO has clarified many issues related to higher EPS pension computation especially for past missing contribution towards EPS on actual higher wages. However, the most crucial aspect which the eligible members want an answer is how much extra amount they will have to pay for higher pension and whether it will give them a good returns or not. Here's how you can go about it.
Want a bigger home loan? 5 ways to increase loan eligibility amount amid rising interest rates
For instance, at 7 per cent interest rate, a home loan borrower was eligible to get a loan of Rs 1 crore, against her salary two years back. With the same salary, she is now eligible for a home loan of Rs 87.41 lakh at an interest rate of 8.8 per cent. The quantum of home loan which a borrower could avail against their salary has gone down drastically due to this steep rise in interest rates in the recent months. There are a few ways to increase your loan eligibility amount to afford your dream home. Read on
How much home loan can you get against salary, other income? Check calculation here
Home buying is once in a life time activity and most people now do it through a home loan. However, unless you know the right budget you can not zero on the right home. Since budget will depend primarily on the home loan amount that you can get so knowing your maximum home loan eligibility becomes very critical step. Here is how you can find this out.
Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculation
Many employees diligently make contributions to EPF account so that they can have good corpus at the time of retirement. Further, if they are covered under the EPS - a pension scheme for employees, then they start getting their pension once they become eligible. However, not many people are aware that they are eligible for bonus if they have made contributinon to EPF for more than 20 years.
How to calculate pension Under EPS
A member of the Employees Provident Fund Organisation (EPFO) is eligible to receive a pension from Employees' Pension Scheme (EPS) provided he/she has satisfied certain conditions. Here are the rules for receiving pension from the pension scheme and how you can calculate the amount that you are eligible to receive.
What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000?
As per The Economic Times report, the government is considering raising the monthly wage threshold limit from Rs 15,000 currently to Rs 21,000. If this proposal goes through, this will have an impact on your EPF corpus, EPS contribution, amount of pension you are eligible to receive among others. The last time government hiked the wage ceiling limit in September 2014.
How much should you invest in NPS to get Rs 75,000 pension per month after retirement?
NPS is one of the most-preferred instruments for retirement planning. If you want to earn a regular pension after retirement, use this NPS calculator to find out how you need to invest.
PFRDA launches ‘personalised’ NPS retirement calculator and planner for individuals
The pension fund regulator - Pension Fund Regulatory and Development Fund (PFRDA)- has launched a personalised retirment calculator for NPS subscribers. This pension planner will help individuals in estimating their annuity retirement income on the basis of their past contributions, expected salary rise among others. Read on to know how this planner can help individuals.
Maximum period of leave for govt employees, leave encashment, childcare leave: Govt answers 19 FAQs
The government has published Frequently Asked Questions (FAQs) on leave policies and entitlements. This replaces the CCS (Leave) Rules of 1972 FAQs, which were previously published on the DOPT website on March 25, 2013, and April 28, 2015, respectively.
India is changing; internet stocks forming 6%-7% of the total portfolio is not too much: Adrian Lim
“I am sure we will make mistakes and we have made mistakes in the past, we will make mistakes in the future but it is an exciting space and we will continue to use those kinds of criteria to pick up stocks and we will continue to look for ideas within the internet, new age tech space, which is pretty dynamic in India.”
Agniveer quota raises seniority, parity and age issues in CAPF
At present, 10 per cent CAPF vacancies are earmarked for ex-servicemen (ESM), but if suitable candidates among them are not available, vacancies reserved for them are filled by non-ESM candidates. Besides direct recruitment, vacancies are also filled through promotion and deputation, said an official.
ETMarkets Basics: Top 5 IPO mistakes the new-age retail investor should avoid
As public market investors, here are a few common mistakes that one must avoid.
Over 1 crore COVID-19 vaccine doses administered for 18-44 age group in India
According to the health ministry, a total of 19,60,51,962 vaccine doses have been administered through 28,16,725 sessions, as per the provisional report till 7 am today.
How to calculate home loan EMI
While all borrowers would like to get the lowest interest rate offered on home loans, this is not feasible on account of many factors. Each lender has its own rules regarding the kind of properties and borrower segment it will lend.
How to calculate income tax online
Use ET Wealth's income tax calculator to know whether you will save more income tax by opting for the new tax regime or staying with the existing tax regime for the current financial year 2020-21.
Global climate events over last 3,200 years may have caused variations in Indian summer monsoon
Global climatic events like the Roman warm period, medieval climate anomaly, and the little ice age may have had significant impacts on India's landscape, vegetation, and socio-economic growth, with abrupt shifts in the Indian summer monsoon coinciding with these climatic events. The study shows wet monsoon conditions in the North-Western Himalaya between 1200 and 550 BCE.
Load More
