Page 579 - Personal Finance

Rise in NPS entry age gives seniors another retirement-saving option

They should invest at least Rs 50,000 to avail of the additional tax benefit scheme provides

Hiking of entry age into NPS creates one more retirement saving avenue for senior citizens

Senior citizens should invest at least Rs 50,000 to avail of the additional tax benefit that NPS provides

How PF works: Different rules for Indian and foreign workers

EPFO clubs most allowances paid to expatriates with basic salary for calculating PF contribution

Can supplier adjust deposited CGST and SGST with IGST?

No requirement under GST law to pay interest at 18% per annum because of delay in filing of the returns

Agent changing insurer can leave you in the lurch

Insurance companies are trying to ensure that they do follow-ups to retain customers, but you need to be alert as well

Time to make tax-saving declaration: Don't buy any product in a hurry

Ensure that there is a complete documentation of your investments

IPOs: Have a 'stag' strategy

Be ready to book profits and sell out if the stock lists at a premium

Accessing bank account of an incapacitated person isn't easy

An account holder should use the 'either or survivor' option or give power of attorney to critical members of the family

Now, school must pay if a student gets injured on its premises

The school becomes liable for failing in its duty to monitor the students and enforce discipline

Realty check: Current rates and unit sizes in the Rs 2-2.5 cr price range

If you are looking at buying real estate, an idea about prevailing rates would come in handy

Readers' Corner: Banking

Rajiv Anand, Executive Director, Axis Bank, answers your questions

Give infra push to your portfolio

While picking mutual funds, go for ones with at least 85% exposure to these stocks

Overseas property is more lucrative

Take help of an international consultant to navigate the complex rules, regulations and taxes in India and abroad

New PPF-NSC rules to hit NRIs

You might have to close these accounts if you move abroad for a year or two. Those already abroad will be paid a lower interest rate since the date of turning non-resident

It's switch time for Ulip holders

If you have bought the policy now, stay for the entire period. If the policy is close to maturing, shift to debt option

Job exits can be riddled with contentious clauses

Employers can enforce certain restrictions, but they cannot prevent an employee from joining a competitor or sign bonds perennially

Invest 5-10% in a banking sector fund

Ensure that mutual fund's portfolio includes all three players -private sector banks, public sector banks and NBFCs

Is GST paid on vehicles for office purpose eligible for input tax credit?

If the motor vehicle is used by you for any of the aforesaid purposes, you should be eligible to claim the input tax credit, otherwise not

Focus on bank functioning

Reforms might be difficult due to elections and hostile bank unions

More transparency in peer-to-peer lending

The validation of the P2P model by the government and the RBI will play a significant role in boosting confidence among lenders and borrowers