PF to income tax to air travel, 10 ways your life will change from today
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The interest earned on employee s contribution above ₹2.5 lakh in a year will be taxable from this month. Buying a pension cover will become easier. Take a look at key changes that are going to take place from 1 April
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With the beginning of new financial year from Thursday, there will be a host of changes in how you spend money. From changes airfare to standard insurance policies, several new norms will be effective from 1 April. The interest earned on employee s contribution above ₹2.5 lakh in a year will be taxable from this month. Buying a pension cover will become easier.
Early morning PMO order behind roll-back of small savings rate cut
The timing of the withdrawal of the rate cut was very crucial as it was done moments before the commencement of second phase of voting in ongoing state assembly elections
Ashutosh Kumar | April 2, 2021 | Updated 00:04 IST
FM Nirmala Sitharaman mentioned that the interest rate cuts were issued by oversight
Early morning intervention today by Prime Minister s Office (PMO) led to the immediate reversal of sharp interest rate cuts on small savings schemes approved by Finance Minister Nirmala Sitharaman late Wednesday evening.
The decision on interest rate reduction for April-June quarter of FY22 faced massive backlash due to mega pruning of rates in PPF, Sukanya Samriddhi Yojana and senior citizen savings schemes used by the people to park their life s savings.
As an investor looking to invest in a long-term debt instrument, you may experience a debate as to if you should invest your money in VPF or PPF. Here is a comparison to help you make an informed decision