Though the employees are provided with the choice to cancel their former PF account and to start a new one, when joining a new company, one can gain more advantages by transferring the PF from the old employer’s account to the present employer. The primary reason is that, holding on to ...
TheMonevatorview is that it’s best to spread your bets around the world. Easier said than done though when even thebest global tracker fundsare now 60% concentrated in the US, thanks to the latter’s outperformance. All the more reason to keep a good chunk of change in thebest bond fu...
7. PF Registration: If an establishment employs more than 20 persons in India, it is mandatory to register for employee provident fund (PF). Relevant insurance and pension schemes are required. 8. Bar License: Provided by departments operating under state government, bar licenses are required if...
–Prices start to lift off again and outsized profits are made. –Late-comers notice the action and jump aboard the gravy train as prices peak. They arrive just in time for the next crash. Thanks for your v. kind words @Manish. Trying to encapsulate the most important lessons I’ve lea...
Claims for deductions under Section 57, except for deductions related to family pension. Claims for the credit of tax deducted at source in the hands of any other person. Structure of the ITR 4 Form The ITR 4 Form is structured into four parts for easy reporting of your Income and tax-re...
A good place to start is with a tight budget. As we learned in How to Make a Million Dollars, one of the quickest ways to become rich is to live a frugal lifestyle. Instead of living beyond your means -- buying things on credit that you can't immediately pay back -- live below ...
Explain why pension gains and losses are not recognized on the income statement in the period in which they arise. How would the balance sheet and the other statements be affected if a company recognizes sales before it earned them in order to increase income? Wh...
Pension settlement Issues related to PF balance. Payment of insurance benefit or Form 5IF If a cheque is returned or misplaced. One can view the status online for the complaints filed. If the complaints are not resolved in the expected time then one can send some reminders for our complaint...
It mentions that people in their 30s should start from reducing 500 calories a day and cut the diet by eating something 15 minutes before lunch. For people in their 40s, it suggests reducing 4 percent of daily calories and to combine proteins with high-fiber carbohydrates. It states that ...
Many experts agree that it's best to contributeas much as you can affordas early as possible, so you can maximize the effects ofcompoundinggrowth over time. A good rule of thumb is to aim tocontribute between 10% and 20% of your gross salary. The later in life that you start, the m...