Over a period of time, many establishments/employers had introduced various elements of allowances/reimbursements/components in the compensation structure of the employees. Hence, there was extensive litigation on whether these components should be included under ‘basic wages’ for the purposes of PF contributions. … [Read more...] about What Supreme Court’s judgement on applicability of PF contributions means
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
It's a farce: MEA on Pakistan's claim that Kulbhushan Jadhav refused to file petition against death sentence Niggling policy gap in India’s ambitious space odyssey US crude stockpiles rise unexpectedly, gasoline draws down sharply: EIA … [Read more...] about UAN number activation: Follow these steps to activate yours
Considering the above points, you may start your international investment with a US-specific fund. Simply go with a broader index fund to avoid any sectoral risk. There are schemes that offer a mix of Indian stock market and international market stand to offer you superior tax advantage. But my advice is to stick to funds that have complete international exposure rather than a mix of Indian market and overseas stocks as you have your other domestic mutual fund schemes already. In any case, investing in an international fund should be done basis your risk profile and may not suit every investor profile, so invest mindfully.This article was first published in Forbes India magazine. … [Read more...] about Should you invest in international funds?