While EPF proceeds are completely tax free, NPS proceeds are not. Per current norms, only 40% of the final accumulated corpus can be withdrawn tax free, with another 40% requiring the purchase of an annuity that’ll provide a fully taxable income, and the remaining 20% being taxable
Read More
"The initial public offer (IPO) financing market in India is expected to continue to witness healthy traction in the current fiscal, supported by favourable capital markets coupled with a line-up of prominent IPOs in a diverse range of industries including financial services and insurance," the rating agency said.
Read More
L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, will use this money to give loans to solar power projects, it said
Read More
The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later this year: K.V. Kamath
Read More
Central Vigilance Commission (CVC) has stepped up its examination of suspicious banking transactions by government employees to check corruption
Read More
The Finance Act 2017 banned cash transaction of Rs 2 lakh or above with effect April 1, 2017. However, some exceptions were made.
Read More
It's best to not get too excited by SMS campaigns promoting traditional insurance plans
Read More
Punjab National Bank (PNB) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by the end of this month
Read More
