Here is a small primer on how to check your EPF balance online. There have been some questions on how to do this and what the SMS from bz-epfo that comes to your mobiles mean. More on this in a bit. The EPF (Employee Provident Fund) is a compulsory retirement fund account to be openedRead More
Profile of top 10% richest Indians [infographics]
Here is a snapshot on the top 10% of richest Indians. It shows where they live and what they consume. This is based on the book “How India Earns, Spends and Saves” which is quite an interesting eye opener on how we go about our daily lives. Maharashtra seems to be the city where mostRead More
All you wanted to know about bank lockers
So you got carried away and bought a lot of gold jewellery for your wife and are now hunting for a bank locker to park that jewellery ? Getting bank lockers in India is more painful than buying the jewellery ! Most of the time the banks will say that the safe deposit lockers aren’tRead More
Clubbing of Income of spouse
Clubbing on income is a very important provision in the Indian Income Tax Act and it makes sure that individuals do not avoid tax by transferring assets to other people. At the back of queries I received on this subject, here is a small primer on clubbing of income of spouse with respect to incomeRead More
Impact of EPF interest rate cut
If you were planning for your retirement and depended heavily on the Employee Provident Fund (EPF), then it is time you did your financial planning again. The government has brought down the interest rate on EPF and has left many salaried employees who get EPF a bit peeved. Suddenly, there are other investments out thereRead More
Union Budget 2012-13
After having crashed headlong with Mamta Di on the railway budget, the government has committed a Kolaveri Di with the nation. It has dashed hopes of taxpayers and signed off it’s last attempt to recover from a reeling economy with a disappointing attempt. I personally think, the budget was presented because it was meant to beRead More