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NPS vs EPF: How to create Rs 3.25 cr corpus through these retirement schemes
Investors aiming to create a sizeable retirement corpus may opt for National Pension Scheme (NPS) or the Employees' Provident Fund (EPF). NPS is a voluntary contribution scheme where one can invest up to the age of 75. One can also withdraw 60 per cent of their corpus at age 60 and get a monthly pension for the rest of their annuities. EPF, on the other hand, provides a tax exemption on the maturity amount. EPF deposits up to Rs 1.50 lakh are tax free under Section 80C of the Income Tax Act.
Network18 Q4 Results: Loss widens to Rs 96 crore; revenue jumps 63% YoY
Network18 Q4 Results: Segment-wise, TV news reported strong revenue growth during the quarter and full year, driven by an increase in advertising revenue across clusters.
Vijay Kedia adds smallcap stock in March, trims stake in 3 multibaggers
Kedia brought his stake to 1% in Mahindra Holidays & Resorts India in the previous quarter. Kedia may have exited the stock in Q3 or brought his stake below 1%. He held 1.02% of the company as of September 30, 2023.
Returns on mutual fund investment are taxed. If one sells their investments in less than 12 months of owning them, their returns are considered as short-term capital gains, but if they sell them 12 months after owning investments, their returns are considered as long-term capital gains. Both types of gains are taxed at different rates.
National Savings Recurring Deposit Account, or the post office RD scheme, is a guaranteed return investment scheme in which one can deposit monthly and get the maturity amount after five years. The scheme provides an annual interest rate of 6.7 per cent and also provides the facility of a loan.
Top 10 mutual funds in India in last 10 years in large-cap space
Top 10 mutual funds in India in last 10 years (large cap space):When it comes to investing in mutual funds, selecting the scheme with a focus on the correct market capitalization is crucial to meet the respective investment objectives.
Bajaj Auto shares fall 3% after Q4 results. Should you buy, sell or hold?
Shares of Bajaj Auto fell 3% at Rs 8,753 on Friday after the two-wheeler major reported a standalone net profit of Rs 1,936 crore for the quarter ended March 31, 2024, which was up by over 35% from Rs 1,432.88 crore reported by the company in the year-ago period.
Netflix beats expectations on profit and subscribers
The leading streaming television service said it gained 9.3 million subscribers in the recently ended quarter, raising the total to 269.6 million.
NPS calculator: Here's how national pension scheme can help you save tax
Under Section 80(D), you can claim deductions of Rs. 25,000 (up to Rs. 50,000 if the insured is a senior person) on paid health insurance premiums. Deductions are allowed for the individual, spouse, children, and parents.
PM Kisan Yojana 17th installment 2024:The central government will release the 17th installment of Prime Minister Narendra Modi's flagship scheme - PM Kisan Yojana - soon. Know whether an income tax paying farmer or his/her spouse is eligible to get benefits under this scheme.
SIP vs Lump Sum: How income tax on capital gains is calculated? Know expert calculations
Mutual fund investors invest through a systematic investment plan (SIP) or lump sum. Capital gains made in both ways are taxed as short-term and long-term capital gains. Short-term capital gains are taxed at a 15 per cent rate, while long-term capital gains are taxed at 10 per cent. One gets Rs 1 lakh tax relaxation on long-term capital gains. Beyond those gains, they have to pay a 10 per cent tax. Know more about such tax intricacies through expert calculations.
Adani bull GQG spends another billion dollars on 6 stocks
The latest shareholding pattern shows that GQG's ownership rose 202 basis points (bps) from 2.51% in December to 4.53% in the March quarter. In the case of Adani Power, the FII's stake rose from 1.33% to 5.2% sequentially.
Share price of Page Industries falls as Nifty weakens
A total of 369 shares changed hands on the counter till 01:44PM (IST).
Shares of Colgate-Palmolive fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 2247.51.
This bank offers up to 7.25% saving account interest rates, 8.5% FD rates; check details
Following the modification, will bank offer the highest interest rates on savings accounts up to 7.25% and on fixed deposits the bank will offer highest interest rate of 8% for general citizens and 8.50% for senior citizens.
Indian Hotels shares up 1.65% as Nifty gains
A total of 25,252 shares changed hands on the counter till 10:40AM (IST).
US Treasury selloff pauses, though rate cut hopes recede
The selloff has come as investors and the Federal Reserve reevaluate the need for interest rate cuts in the face of resilient economic data and signs of strength in the labor market. In an appearance on Tuesday, Fed Chair Jerome Powell was among several Fed speakers over recent days who have said they would need to see drivers of inflation weaken before cutting rates.
Tesla asks investors to approve Musk's $56 billion pay again
Tesla Chair Robyn Denholm criticized the Delaware Chancery Court's January decision, writing in the proxy that it amounted to second-guessing shareholders who had approved Musk's performance-based award in 2018. Chief Judge Kathaleen St. J McCormick described the company's directors as supine servants of an overweening master and said they hadn't looked out for the best interests of investors.
Tata Communications Q4 Results: Profit drops 1.5% YoY to Rs 321 crore; revenue jumps 25%
Tata Communications Q4 Results: The Board of Directors has also recommended a final dividend of Rs 16.70 per share for the financial year ended March 31, 2024. As per the latest financial report submitted to the exchanges, the company's EBITDA rose by 2% to Rs 1,056 crore in contrast to the EBIT margin, which declined from 23% to 19%.
Mutual Fund Tax Treatment: As per Indian tax laws, any equity fund with more than 65 per cent exposure in Indian equities are defined as an equity funds for tax purposes. Gains from equity funds are taxed at 15 per cent if sold within 12 months (short-term capital gains), and at 10 per cent, if sold after 12 months (long-term capital gains).
Such fund schemes allow investors to limit their mutual fund scheme exposure, such that as and when the equity allocation becomes more than 65-75 per cent, the fund manager is obligated to reduce it, thus facilitating auto allocation.
From what are flexi-cap mutual funds to why should one opt for it, a complete guide
Flexi-cap mutual funds unlike other equity funds have specific mandates (e.g., large-cap funds invest predominantly in large-cap stocks), flexi-cap funds have no fixed allocation requirements. They can invest dynamically based on market conditions and the fund manager's discretion.
TDS on salary: Do not pay higher taxes! Choose between new and old tax regimes wisely
Income tax:As per CA Ruchika Bhagat, MD, Neeraj Bhagat & Co., choosing the right tax regime from the old tax regime and the new tax regime can help taxpayers save more tax.
Pradhan Mantri Jeevan Jyoti Bima Yojana:Anyone between the ages of 18 and 50 who has an account with participating banks or post offices is eligible to enroll under this scheme.
Top stocks that Indias MF houses exited in March. Do you own any?
The largest holdings of the fund, which has invested over 95 per cent in equities, include Reliance Industries, Jio Financial, Adani Power, TCS, Hindalco Industries and Aurobindo Pharma among others.
How to manage corpus effectively after your PPF account matures?
PPF account maturity:Public Provident Fund (PPF), a small savings, long-term investment scheme backed by the government, is a tax saving scheme that provide stable returns. Deposits in PPF qualify for deductions under Section 80C of the Income Tax Act, while the interest earned in the account is free from income tax under Section 10 of the I.T. Act.
The CEO of NeoFinity states that the integration of Blockchain technology is set to revolutionize the insurance industry by enhancing transparency, reducing fraud, and facilitating seamless transactions.
NRE fixed deposits: Know all about repatriation, taxation, interest rates
Deposits of senior citizens soared about 150% to 34 lakh crore in 5 years: SBI report
The attraction of 50 basis points additional interest rate and higher deposit insurance cover makes senior citizens opt bank deposits instead of other options
SIP+SWP: How to get Rs 25K, Rs 50K and Rs 75K monthly pension through systematic withdrawal plan
In your journey to retirement planning, the combination of systematic investment plan (SIP) and systematic withdrawal plan (SWP) in mutual funds can be effective investment tools. While SIP in a mutual fund may help you build a sizeable retirement corpus, SWP may help you get a decent monthly pension.
IMGC ties up with Bank of India to offer mortgage guarantee-backed home loans
With the rising demand in the affordable housing segment, this product aims to make home ownership more accessible for a wider range of borrowers in the country, it said.
Gold zooms 15% year-to-date (YTD); experts list 10 factors
Experts also maintain that as economies like China are increasing their gold reserves in order to reduce their exposure to dollar, gold has been scaling new peaks.
Stocks to buy: 5 companies poised for growth in March quarter: Up to 17.2% upside potential
Given the potential for increased volatility in the upcoming months, investing in companies anticipated to deliver strong performance could be a prudent strategy. These firms are expected to deliver a strong performance and offer a cushion against rising volatility. The following are five such companies offering a double-digit price potential.
Dhanuka Agritech: The companys product range spans insecticides, fungicides and herbicides, distributed nationwide, with three manufacturing plants and 41 warehouses. Despite challenges like pricing pressure, high inventory and sluggish demand in agrochemicals, its resilience endures, buoyed by highmargin products, diverse range, and robust distribution network.Its 2023 annual report expects Indian agriculture market to reach $581 billion in 2028 at CAGR growth of 4.9% during 2023-28.2023-28. Should you invest in Dhanuka Agritech?
