Budget 2016: Impact of proposed EPF tax & what you should do

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ET Wealth Newsletter | Tue, Mar 08, 2016 | 09:19 AM IST

All you need to know about the budget move to tax EPF withdrawals The finance minister's move to partially tax withdrawals from the Employees Provident Fund has evoked a huge backlash and vociferous protests. Up till now EPF contributions, interest and withdrawals were tax free but Budget 2016 aims to change that. Watch this page to keep yourself updated on this issue.

Budget 2016: Impact of proposed EPF tax & what you should do The government is under pressure to roll back the proposed tax on Provident Fund. Here's what you can do if it comes into effect. How do I choose the right investment option? Growth, Dividend payout & Dividend re-investment Budget 2016: How tax on EPF will pinch young subscribers most The tax on the EPF is proposed only on the corpus created after April 2016. So, it will have a greater impact on young subscribers. What are the tax implications of investing in Mutual Funds? Shreya, a successful business woman, firmly believes in savings and has invested her money in Fixed Deposits and Mutual Funds. Here are sectors that are likely to benefit from Budget 2016 The government's thrust on housing, roads and rural economy will boost the fortunes of companies operating in these areas. Why ULIPs are one of the best tax saving instruments Saving money aside, smart tax planning is an integral part of sensible financial planning. The average investor enjoys numerous tax-saving options like PFs and PPFs, life insurance plans, ELSS investments, ULIPs and more. Budget 2016: Why you should look beyond tax when picking a pension fund The uproar over increasing the age limit for withdrawal of PFs to 58 years is not justified. Withdrawal should only be allowed at retirement. 5 reasons your term plan needs Critical Illness Benefit When one thinks of life insurance they must consider opting for a term plan. This is the simplest and most cost effective insurance product. Post Budget 2016 should you choose NPS or ELSS to build retirement corpus? Raghav is looking for a tax-saving instrument that will also help him build a retirement corpus. Should he opt for NPS or ELSS? Why it is time to dismantle the pension entitlement framework The accepted view now is that the benefit one gets in retirement depends on the amount one contributes and the return earned on that contribution. How to protect yourself from social media frauds Keep in mind that it is not just friends or followers who are interested in what you post, but also fraudsters and hackers on the prowl.

Financial Calculators Plan your car Car cart! Car cart suggests one that befits your budget, family size & efficiency requirements. So zoom in to meet your future car! Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Will Budget 2016 amnesty scheme for tax evaders work? At 45%, the proposed tax rate is too high to goad people into declaring their undisclosed income. Here are 8 reasons for that poor appraisal Are you losing out on promotions and opportunities because others perceive you poorly? ET Wealth offers the solution. Lower tax hike on cigarettes, growing FMCG business make analysts bullish on ITC A gradual shift from cigarettes to FMCG and the expected better performance of the agri-business are expected to drive ITC's future growth. You need an app that's a personal travel buddy: Aloke Bajpai, Ixigo "We are trying to become a more vertically integrated player, where we have deeper integration with all our partners" India's billionaires growing faster than global average: Knight Frank report The rich in India are increasing at a faster pace than the world, says the recent Wealth Report by Knight Frank. Ethnic products e-commerce startup Mirraw is a model of fiscal prudence This ethnic products e-commerce startup has grown remarkably without any external funding and stands out for fiscal prudence. ET Wealth's ideas that found place in Budget 2016 ET Wealth had come up with 25 Budget ideas for the FM's team to consider in its draft proposal. Looks like they were listening, but only partly. Vikram Singh to reap benefits of starting financial planning early "I need to know how and where to invest for five years because I want to get my sister married after this period." — Vikram Singh

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