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MICRO Blog
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EPF Contributions Above Rs.2.5 Lakh: Why That "Taxable Account" Never Really Goes Away
If you're a high-saver relying partly on EPF/VPF to build a large, tax-free retirement corpus, there's a rule that quietly changes the math. The Rule, in Brief Since FY 2021-22, interest on an employee's own contribution to EPF/VPF is tax-free only up to Rs.2.5 lakh per financial year. Contribute more than that in a year, and the interest earned on the excess is taxable in your hands as "Income from Other Sources," with TDS deducted at source. This only applies to the employe
Aug 172 min read
Do Gold ETFs offer an advantage over Gold mutual funds post Budget 2024?
The 2024 Union Budget unveiled some good news for gold investors. All long-term capital gains on gold mutual funds and gold ETFs will be taxed at 12.5 per cent. In the last Budget, these were bought under the ambit of a new specified mutual fund category – section 50AA and were taxed at the slab […]
Aug 7, 20242 min read
Should Gold be part of your Emergency Fund?
In old Bollywood movies, gold has been typically projected as a last resort in situations of extreme financial distress. The traditional belief that gold stashed away in lockers can come for financial rescue in critical times is ingrained in Indian mindsets. During the initial uncertain period of Covid lockdown, I received few queries on gold. […]
Sep 4, 20232 min read
Key things to know about Sovereign Gold Bond Scheme
For those interested to invest in SGB scheme, understand the product and whether it is suitable for you.
Jul 10, 20221 min read
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