You would find many people advising you to invest in the international market to diversify your portfolio. This trend has suddenly caught everyone’s attention. In particular, Mutual Fund schemes having exposure to foreign markets are attracting a lot of attention. … [Read more...] about Should you invest in international funds?
California tax relief
This is because, besides EPF contribution, many employees also claim deductions on children’s tuition fee, home loan principal repaid, term insurance premium paid and tax-saver investments like equity-linked saving schemes or insurance-cum-investment policies. In case you are likely to fall short, you must intimate the employer to eliminate scope for higher tax deduction during these three months. “Many companies provide options to update investment declarations. Make use of the facility to indicate other tax-savers you will utilise to plug the gap,” says Sankla. In any case, ensure that you keep this factor in mind and optimise all tax breaks by January when employers seek the final declarations. … [Read more...] about Lower PF contribution of 10 percent is not mandatory, EPFO clarifies
HDFC Bank, on the other hand, will treat credit card customers who skip payments for April or May (or have already missed the March dues) as automatically eligible for the moratorium. This option is allowed only if they had been paying their dues regularly until March 1, 2020. “Customers need not call the bank or send any email or SMS confirmations for availing moratorium benefits on credit cards,” HDFC Bank’s FAQ statement said. Some banks are advising their customers to turn-off the ‘auto-debit’ facility – so the credit card due is automatically deducted on the set date. Others have said that the facility will not be triggered in case you have opted for the moratorium. … [Read more...] about RBI Moratorium: Postponing credit card dues will mean paying exorbitant interest costs
In this judgement, the SC has once again relied on the principles of ‘universality’ and ‘contingency’ as laid down in the earlier judgements and pronounced the following principles to test the applicability of PF to different allowances (by whatever name called): … [Read more...] about What Supreme Court’s judgement on applicability of PF contributions means
NES trains women on tailoring and fashion designing to help them set up small business and self-help groups. But the bank gave an opportunity to these women to manufacture three ply cloth masks for distribution to front-line workers, business correspondents and branch staff and customers. … [Read more...] about RBL Bank gives training, order to make 70k face masks to low-income women entrepreneurs