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Section 89A Guide for NRIs: Claiming Tax Relief on Foreign Retirement Benefit Accounts

Non-resident Indians (NRIs) planning to settle down in India after retirement with foreign retirement benefits accounts often faces a lot of difficulties in claiming the benefits under Double Taxation Avoidance Agreement (DTAA). DTAA allows NRIs to claim tax credits or tax exemptions on their foreign income and avoids double taxation on the same income. Tax […]

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Budget 2019: How will it affect your finances?

1 Comment / Advisor Zone, Financial Planning, Investment Advisor, Investment Planning, Loans, Personal Finance, Provident Fund, Retirement Planning, Small Savings, Tax Planning / By Author

Stand-in Finance Minister Piyush Goyal presented the interim budget on February 1, 2019. It proposes tax breaks and sops that will have a positive impact on your finances. The new government that takes charge after the approaching elections will present a full budget. The interim budget proposes sops for the middle class, farmers, and unorganized

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Why and How to Link Aadhaar with UAN

Leave a Comment / Personal Finance, Provident Fund / By KishorKumar Balpalli

Here’s Why and How to Link Aadhaar with UAN: EPFO has been highly involved in transforming the entire member interaction; especially regarding EPF withdrawals. The digitalization of the whole claim process has increased transparency and convenience. [MMS_EBOOK] To start with, the entire claim amount would be directly credited to your bank account registered with EPFO.

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How to avail Online EPF Withdrawal facility

Leave a Comment / Personal Finance, Provident Fund / By KishorKumar Balpalli

Here’s How to avail Online EPF Withdrawal facility: From the very beginning, EPF withdrawal used to be a tedious process. You were required to submit a large number of documents. Moreover, after submission of the claim, the settlement took long waiting period of at least 3-4 months. [MMS_EBOOK] In May 2017, the Employees’ Provident Fund

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EPF to NPS: Is it worth transferring your money?

Leave a Comment / Provident Fund, Retirement Planning / By Author

Here are some guidelines as to whether Is it worth transferring your money from EPF to NPS ?: Lately, the government has recognized the need of the individuals towards better retirement. This realization came on 6 March 2017; it permitted to transfer money from EPF to NPS. It is trying to provide you alternatives apart from the

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Here is how to avail a Loan against Life Insurance Policy/Fixed Deposits/PPF/NSC

Leave a Comment / Insurance Planning, Loans, Provident Fund / By Author

Here is all you need to know to get a Loan against Life Insurance Policy/Fixed Deposits/PPF/NSC: Mr. Balaji had immediate fund requirement to support his daughter’s education. He had some Fixed Deposits with his bank. He was wondering whether he has to break the FDs to arrange funds or whether he can avail any overdraft or loan facility

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Insurance Benefit for employees through Employee Deposit Linked Insurance Scheme (EDLI)

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Here is all about Insurance Benefit through Employee Deposit Linked Insurance Scheme (EDLI): Most of the Employees are not aware that their employer also makes a contribution towards Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI) apart from Employee Provident Fund (EPF). EPS and EDLI are social security schemes that are clubbed with EPF.

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Here is how to generate UAN online from EPFO without employer

2 Comments / Personal Finance, Provident Fund, Retirement Planning / By Author

Procedure to create UAN online from EPFO without employer: Mr. Bhaskar left his job back in 2008 and currently he is running his own business. He wanted to know the procedure to get his UAN number. There have been many similar instances where people have left their job but do not have their UAN as they are

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Here is how to merge multiple EPF UAN numbers or Deactivating old UAN

24 Comments / Personal Finance, Provident Fund, Retirement Planning / By Author

Procedure to combine multiple EPF UAN numbers or Deactivating old UAN: Mr. Rakesh Agarwal, an IT professional worked in ABC Ltd for one year from April 2015- March 2016 and in April 2016, he joined XYZ Ltd. While working with ABC Ltd, he had an Member ID/EPF account and the employer also had allotted a

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All you need to know before you invest in Fixed Deposits

Leave a Comment / Investment Planning, Provident Fund / By Author

Everything you should be aware of before you choose to invest in Fixed Deposits: Fixed Deposits commonly known as Term Deposits, are fixed interest bearing debt instruments which need to be held for fixed duration with the particular issuing entity. These impose penalties on premature withdrawal and require you to stay invested for the predetermined duration. You get flexibility to choose the

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