My research

The Relaxation of provisions for the account holders of Public Provident Fund (“PPF”), Sukanya Samriddhi Account (“SSA”) and Recurring Deposit (“RD”).  The Government has taken the decision to safeguard the interests of small savings depositors in view of the lockdown in the country due to the  COVID – 19  Pandemic.    The subscribers of PPF and SSA may now deposit their savings up to June 30, 2020,  which couldn’t be deposited in FY 2019-20 due to lockdown in the country. The revival fees/penalty charges are waived off on the PPF, SSA/ RD accounts in which mandatory minimum deposit is not made up to March 31, 2020 subject to such deposit are made up to June 30, 2020.  All those PPF subscribers, whose accounts were matured on March 31, 2020 (including one year window for extension), can now be extended up to June 30, 2020.                complete details are available here

Your PAN card will become inoperative if it is not linked to Aadhaar within March 31 Using an inoperative PAN card might lead to a  ₹ 10,000 fine  If you fail to link your PAN card with Aadhaar card within the deadline of March 31, then the income tax department might impose a penalty of  ₹ 10,000 on you for using an inoperative Permanent Account Number. The income tax department had earlier announced that all unlinked PAN cards will be declared as "inoperative" and now it has issued a new notification saying that such PAN card holders shall face consequences under the Income Tax Act for not furnishing PAN. "Typically, when a PAN becomes inoperative, it will be assumed that PAN has not been furnished/quoted as required by the law and a penalty of  ₹ 10,000 may apply as per Section 272B of the Income Tax Act," BankBazaar CEO Adhil Shetty said. At the face of it, using PAN card as an ID proof for non-tax related purposes like opening a bank account or applying for...

Although many subscribers of the Employees' Provident Fund Organisation (EPFO) are not aware of this but they could be eligible for pension at the time of retirement but for that you need to get a Scheme Certificate at the right time. Under the Employees' Pension Scheme, there are around 3.3 lakh pensioners. Your employer contributes 8.33% of your basic salary and dearness allowance (DA) to employees' pension scheme (EPS), as part of EPFO contribution. There is, however, a maximum cap of  ₹ 1,250. The amount of pension you receive is calculated by multiplying pensionable salary (average of last 60 months) with pensionable service and the dividing it by 70. The minimum pension that you get under the scheme is  ₹ 1,000. You are eligible for pension on superannuation at the age of 58 years. If you quit your job between 50 and 57 years you can avail an early but reduced pension. If you continue to work and contribute to EPF even after 58 years, you can avail pension...

You can now generate a UAN on your own without going to your employer.... Yes you heard it right.... But, only Aadhaar card holders with a registered mobile number are allowed to use this facility. Giving more independence to account holders, the Employees' Provident Fund Organisation (EPFO) has now launched a new facility which allows you to generate your universal account number (UAN) online on your own. Earlier, the only option for an EPF account holder was to contact his or her employer who would generate the UAN after getting the relevant forms signed by the employee. The employer would have to submit the forms to EPFO and generate the UAN which was then shared to the employee. In most cases, the UAN is mentioned on salary slips. If not, you had the option of finding your UAN from the EPFO website. But now you can generate your own UAN without the intervention of your employer. Remember that you can not have more than one UAN as the number will remain the same t...

One of the best investment option for regular growth and high return with moderate risk is mutual fund's Mutual funds offer a wide variety of investment choices. You can choose them basis your risk appetite, financial goals and time horizon. Here’s how - Funds based on maturity period Open ended funds Open ended funds allow investors to subscribe or redeem units as per the prevailing Net Asset Value (NAV) on a continuous basis. Basically, what you get with open ended funds is liquidity and flexibility of time. Close ended funds Listed on the stock exchange, these funds come with a fixed maturity date, like 3-6 years. Investors can opt to subscribe to close ended funds at the time of initial launch. Interval Funds These funds are a hybrid of open and close ended funds. While they operate mainly as close ended funds, these funds may trade on stock exchanges and are open for sale or redemption at predetermined intervals at the prevailing NAV. Funds based...

Best education system in the world!!!!!! Finland has the answer for it..... Following are some of the factors which makes Finland the best in the world:-  Accountability for teachers (not required) A lot of the blame goes to the teachers and rightfully so sometimes. But in Finland, the bar is set so high for teachers, that there is often no reason to have a rigorous “grading" system for teachers. Pasi Sahlberg, director of the Finnish Ministry of Education and writer of Finnish Lessons: What Can the World Learn from Educational Change in Finland? Said that following about teachers' accountability: "There's no word for accountability in Finnish… Accountability is something that is left when responsibility has been subtracted." All teachers are required to have a master's degree before entering the profession. Teaching programs are the most rigorous and selective professional schools in the entire country. If a teacher isn't perfor...