tag:blogger.com,1999:blog-84694006576692841382025-12-18T08:14:01.667+05:30Let's value money better & Let's invest money betterJigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-8469400657669284138.post-78204020251701269852013-06-30T16:51:00.001+05:302013-06-30T16:51:31.395+05:30

Employees' Provident Fund Organisation or EPFO will launch online employee fund withdrawal claim on 3rd July or 4th July. Initially it will be open for selected EPFO offices and later it will be rolled out to all EPFO office. This move is very beneficial to more than 50 million EPFO subscribers. EPFO will setup central clearance house to settle all claims which includes withdrawal

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-86360825762741632992013-05-07T19:48:00.002+05:302013-05-07T19:48:59.273+05:30

   Dear Valued Taxpayer, If you receive email with   subject "ACTION:- India Annual Tax Refund Notification Alert 2013" or "ACTION REQUIRED: INDIA TAX REFUND ALERT:- APPLY URGENTLY" then don't be hurry to click the link given in mail and get your refund. It's not authentic email address of Income tax department of india. it's phishing attack to your email

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-57380230630275861042012-10-27T18:06:00.000+05:302012-10-27T18:06:11.831+05:30

1) What is the difference between EE and ER amount In EPF Balance Inquiry SMS? EE : EmployeE contribution ER : EmployeR contribution 2) Why EE and ER are different amount in EPF Balance Inquiry SMS? Many people think EE and ER should be same because employer is contributing the same amount as employee. But employer contribution is divided into two parts 1) ER 2) EPS

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com26tag:blogger.com,1999:blog-8469400657669284138.post-79140679885877593912012-06-23T20:34:00.001+05:302012-07-21T21:05:58.803+05:30

Lots of people gets confused about investment and insurance.  This simple mistake create lots of problem in tax planning and long term financial planning. I am going to explain difference between investment and insurance. I am sure this will help you clearing your doubts and take good financial decision ahead.             Investment        

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-34061563877364941362012-04-30T16:52:00.000+05:302013-02-26T14:15:00.040+05:30

Employee Provident Fund Organization (EPFO) has  declared EPF interest rate for 2012-2011 to 8.6% from 8.25%. Year         Interest Rate 12-13         8.50% ( Revised from 8.26% As per annouunced on 25th Feb 2013 by EPFO) 11-12         8.25% 10-11         9.50% 09-10         8.50% 08-09 &

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-74204430921874806592012-03-20T23:24:00.001+05:302012-07-19T21:45:37.035+05:30

Finance minister announced Rajiv Gandhi Equity Savings Scheme(RGES Scheme) for FY 2012-2013 budget as tax saving instrument for individual tax payer. I have updated RGES Scheme based on information from department of economic affairs on 19th July 2012. The department of economic affairs has approved Rajiv Gandhi Equity Savings Scheme. It has been sent to SEBI for Final comments. Rajiv

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-91534944553912591842012-03-16T18:47:00.001+05:302012-03-16T18:48:46.965+05:30

Employee Provident Fund Organization (EPFO) has  reduced the EPF interest rate for 2011-2012 to 8.25% from 9.5%. Based on their calculation, They can not afford to give more interest to  4.72 crores PF account holders. Year         Interest Rate  11-12         8.25% 10-11         9.50 09-10      

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-493181525330969692012-03-01T21:36:00.000+05:302012-07-08T19:10:18.545+05:30

Life corporation of India -LIC has launched new plan in the month of march to attract people who are in hurry to do last minute tax saving investment. The LIC plan name is Jeevan Vriddhi (UIN: 512N268V01). But let me remind the benefits with pros and cons about LIC Jeevan Vriddhi plan. LIC Jeevan Vriddhi plan benefits: 1) Policy term is 10 years and you need to pay single premium only 2)

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-91232872163350839472011-10-25T23:03:00.000+05:302011-10-27T21:44:06.424+05:30

There is something to cheer for all Indians this Diwali.Because Reserve bank of India(RBI) has deregulated the savings account rate. So far every saving account was earning 4% annual interest in their bank balance.This 4% annual interest was fixed for all banks as indicated by RBI.This interest is calculated on daily balance from some time.  What does

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-69703451113907448802011-09-20T22:16:00.000+05:302011-09-20T22:16:45.947+05:30

Let us understand how Employee pension scheme and Employee Provident fund contribution works and how interest is calculated. why your EE amount is much greater than ER amount also in PF balance Inquiry? 1) 12 % of basic salary goes into Employee Provident fund as Employee contribution(EE). 2) 12% of basis salary goes into from employer and this amount is 

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com105tag:blogger.com,1999:blog-8469400657669284138.post-15671916109466417842011-08-09T13:58:00.004+05:302011-08-09T14:02:05.145+05:30

What if your money makes money for you without any risk, and your money will be available with you 100% all the time. Isn't it wonderful? Let me explain how can you earn money from your money easily? Why do you consider this? You don’t not spend entire monthly salary on regular expenses (time being forget occasional big expenses). You must (should) be saving some part of salary

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-51525948591775078212011-07-23T18:59:00.001+05:302011-07-23T18:59:26.641+05:30

All your financials transactions for credit card and loan are being tracked by somebody and it may create bigger problems for you if you cannot handle it well today.  What if one bank rejects your next credit card application, car loan application or home loan application? What if all banks reject all such home loan application? You can ignore credit card or car loan application but you

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-71994442348546166752011-07-01T19:16:00.002+05:302013-01-25T20:33:02.198+05:30

Much awaited tool to know your EPF Balance has been launched by Employees' Provident Fund Organisation (Ministry of Labour & Employment Government of India) on 1st July 2011. This tool is not full fledged application to manage entire EPF portfolio online.But, It will send SMS to your mobile with last updated EPF information on given mobile no.This tool is available only for Delhi (

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com278tag:blogger.com,1999:blog-8469400657669284138.post-60136320116203982902011-01-29T20:30:00.000+05:302011-01-29T20:30:34.593+05:30

Please find complete list on tax saving instruments with dependents eligibility criteria.you can find whether investment made in the name of father,wife,mother,father and children used for your tax saving option with their respective limit. SECTION Chapter VI A Dependents Eligible for Tax Benefit 80D Medical Insurance Self,

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com1tag:blogger.com,1999:blog-8469400657669284138.post-33500261049966563252010-12-30T16:29:00.000+05:302010-12-30T16:29:43.533+05:30

Are you confused while selecting mutual fund dividend or mutual fund growth option? Are you not clear how your selection will impact your investment portfolio? Most of the mutual fund offers two schemes 1) Dividend option – Payout or ReInvest 2) Growth option What does Mutual fund scheme mean? Mutual fund dividend payout option – Declared dividend amount will be paid back to you

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com13tag:blogger.com,1999:blog-8469400657669284138.post-60213419342518512232010-12-18T21:16:00.000+05:302010-12-18T21:16:56.268+05:30

Did you like life insurance policy of private insurance company?  But you do not have details of these insurance company’s claim settlements. Or you do not trust private insurance company’s track records. It’s best advised to check private insurance company’s track record before taking their policies. I will show you how you can see their claim settlement details on their respective

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-16442071451212409892010-12-18T20:37:00.001+05:302010-12-18T20:38:46.792+05:30

When financial year is about to end, Many mutual funds AMC starts declaring dividends on their tax saving mutual funds or ELSS funds. It’s purely a marketing trend for their ELSS mutual funds. Many Investors apply for such funds without looking at past performance records of funds. Let me explain that you are getting your own money in the name of mutual fund dividends. Example: Let's us assume

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-38563336039596620642010-09-27T21:51:00.001+05:302010-10-02T12:55:06.512+05:30

Finally the wait is over to get accurate details of the Tax Saving Infrastructure bonds 2010 where you can get tax exemptions of amount Rs 20000 in financial year 2010-2011 under Section 80CCF.It is an additional to 1Lac exemption limit under Section 80C.   IDFC(Infrastructure Development Finance Company) has announced a public issue of long term infrastructure bonds to get the capital

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com3tag:blogger.com,1999:blog-8469400657669284138.post-22700845391010287142010-09-17T21:00:00.000+05:302010-09-17T21:00:08.083+05:30

The Finance minister proposed new direct tax code in the parliament in FY 2010.It will be effective from 1st April 2011. Theme of the direct tax code bill: 1) Less investment instruments so less confusion for tax payers to invest and get tax exemptions. 2) Invest in long term investment instruments to get tax exemptions. 3) Opt for term insurance for higher 

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-58061375101698281922010-09-16T10:04:00.002+05:302010-09-16T10:22:57.922+05:30

Summary: The government Employees' Provident Fund Organization (EPFO) has announced the increase in interest rate of employees’ provident fund from 8.5% to 9.5% for the current financial year 2010-11. Impact:Every employees of private and public sectors will earn more interest in their PF contribution for this year. Why do they increase interest rate for current financial year? Increasing

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-19458313501239105392010-04-30T23:10:00.003+05:302010-04-30T23:24:46.662+05:30

Have you seen huge difference in loan interest rate between new customers and existing customers.Existing customers pays loan at very high interest rate.  This is happening because of old BPLR system which failed to bring transparency in lending rates charged by banks. So,  RBI has recommended Base Rate for lending rate  which will replace BPLR system from 1st JULY 2010

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0tag:blogger.com,1999:blog-8469400657669284138.post-29029195940892647222010-04-30T20:50:00.000+05:302010-04-30T20:50:50.180+05:30

New Section 80CCF of the Income tax act is added for FY 2010-2011 for tax saving. So, you can invest Rs.20, 000 in addition of 1 LAC of Section 80C and save tax based on tax slab.Your income tax slab    your immediate saving                10%           

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com3tag:blogger.com,1999:blog-8469400657669284138.post-92069111896032623592010-04-10T18:56:00.006+05:302010-04-15T22:01:42.140+05:30

Let me first congratulate SEBI (Securities and Exchange Board of India) for taking giant and required steps for customer happiness. Brief of SEBI's ban action:SEBI bans all 14 Private companies who are promoting or selling ULIP policies. They can not sell policy to new customers or collect premiums from the existing customers. in short, Companies can not take any actions for ULIP products now.

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com2tag:blogger.com,1999:blog-8469400657669284138.post-62023156360887486022010-03-29T18:32:00.001+05:302010-03-29T18:36:31.330+05:30

Let me explain all hidden conditions and concepts of Highest NAV Concepts with implication on your investment. No multiple fund selection optionGenerally, ULIP policies come with multiple fund options ranging from pure equity fund, pure debt fund and balanced fund etc. But, the guarantee highest NAV policy offers only 1 or maximum 2 funds and these funds are also more than 95% debt oriented. The

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com1tag:blogger.com,1999:blog-8469400657669284138.post-47911240952149052752010-03-29T18:16:00.002+05:302010-03-29T18:36:47.992+05:30

Every insurance company launches their new guarantee highest NAV ulip policy in the market. People will opt for these ulip policies without checking details of the hidden condition.Let me explain these concepts with real life example.Let’s think practical: If insurance company has 10 policy holders with Rs 1000 annual premium. Each policy holder has 100 Units (with initial NAV Rs 10 and assuming

Jigihttp://www.blogger.com/profile/15677872491975930388noreply@blogger.com0