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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
Pre-EMI or full EMI – which is the best option while borrowing for a house under construction?
While getting a home loan for a property under construction, you are given an option to choose between paying pre-EMI or full EMI. The pre-EMI option allows you to only pay monthly interest on the actual disbursed loan amount, with no principal repayment. The full repayment begins only when you take possession of the property. […]
May 8, 20252 min read
Prepay home loan or invest – the typical dilemma
Prepay home loan or invest? I was asked this query recently in webinars. With interest rates tapering off, I have seen discussions on financial forums on smart leverage. “Why prepay home loan now? It is so cheap. Instead, invest in options which give you more than 7% p.a. Have a business mindset. You can invest in […]
Jul 11, 20221 min read
Good vs Bad Loan
For an average man, it is not possible to live completely debt free. Many a times, it is not a smart decision too. For big purchases like a house, it becomes inevitable to borrow home loan. But the most important consideration when taking out a loan is whether the debt is good or bad. With […]
Jul 7, 20221 min read
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