Last minute tax planning? Check Few Tips

Posted: 15 Mar 2011 12:31 PM PDT

Do you find yourself in a situation where there are just a bunch of days ahead for the deadline of submission of tax documents? Here is a quick guide to help you sort out your finances last minute! 1. Target full utilisation of Section 80 C: Maximum deduction available is to the tune of Rs. 100,000. Assess your income to arrive at the amount you need to invest in this section. The investment...

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LABOUR MINISTRY FAVOURS PARTIAL WITHDRAWAL FROM EPF

Posted: 15 Mar 2011 07:49 AM PDT

Putting aside a Finance Ministry suggestion, the labour and employment ministry on Monday said it favours partial withdrawal from employees provident fund (EPF) account by subscribers. The Finance Ministry had suggested that liberal advances and withdrawal from EPF account should be shunned to achieve old-age income security for employees because by not adhering to one instrument, one policy...

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