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Time of India
23-06-2025
- Business
- Time of India
How to merge multiple PF accounts?
Since each new employer creates a separate PF account, it becomes essential to consolidate them into a single account. Salaried employees often end up with multiple Provident Fund (PF) accounts due to job changes over the course of their careers. Since each new employer creates a separate PF account, it becomes essential to consolidate them into a single account. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Let us understand how you can merge multiple Provident Fund accounts Salaried employees often end up with multiple Provident Fund ( PF ) accounts due to job changes over the course of their careers. Since each new employer creates a separate PF account, it becomes essential to consolidate them into a single account. This ensures accurate interest accumulation, simplifies fund management, and prevents complications during final withdrawal or pension is important to first ensure that your Universal Account Number (UAN) is active. This unique number remains the same across jobs and is used to link all your PF need to ensure that KYC details (like Aadhaar , PAN and bank account) are updated and verified in your current PF account. This is crucial for seamless the EPFO member portal and log in using UAN and password. Under the 'Online services' tab, select 'One member–One EPF account (transfer request)'. Enter previous PF account details and submit the request. The request is authenticated using Aadhaarbased OTP. Once submitted, the EPFO initiates the merging previous employer may need to verify your request digitally. After that's approved, the funds and service details are transferred to your active PF account.• Only PF accounts linked to the same UAN can be merged.• It is crucial to ensure previous employer's exit dates are updated to avoid transfer on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
09-06-2025
- Business
- Time of India
What are restricted stock units?
Live Events Let us understand what are restricted stock units 1. RSUs are company shares granted to employees as part of compensation, but these come with restrictions of vesting over time.2. Employees are not required to pay anything to receive the shares as they are granted for free, subject to vesting.3. RSUs vest over a set period, commonly in annual or quarterly instalments, say, 20% each year over five years. Till such time, employees don't own the shares or have any rights.4. At the time of vesting the market value of RSUs is treated as income and taxed accordingly.5. At the time of sale, the gain or loss after vesting is taxed as capital gain or on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta
Time of India
09-06-2025
- Business
- Time of India
How can you invest LTCG in Section 54EC bonds?
When an investor sells a residential property and makes long-term capital gains ( LTCG ), the tax liability can be significant. However, the Income Tax Act provides some relief, allowing taxpayers to save on capital gain tax by investing the profit earned in capital gain bonds . These bonds are referred to as Section 54EC bonds . Tax-saving options Capital gain bonds are tax-saving instruments that are issued by entities backed by the government, including REC , National Highways Authority of India (NHAI), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC). Eligibility To be eligible, the capital gains should arise from the sale of a long-term asset, such as land or a building. The investment must be made within six months of the date of transfer of the property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo Investment limit The maximum investment allowed in capital gain bonds is Rs 50 lakh per financial year. The bonds come with a lock-in period of five years and premature redemption is not permitted. The interest rate offered typically ranges between 5% and 5.25% per annum. How to invest Investors can purchase these bonds either online through the websites of issuing institutions or offline via designated bank branches. The required documents include PAN card, address proof, and details of the property sold. The investment must be made from the capital gains portion only, not the total sale proceeds. Live Events Points to note • Capital gains not invested within the stipulated six-month window will be taxable at applicable rate. • Interest earned on Section 54EC bonds is not tax-free and must be disclosed in the annual tax return. Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta
Economic Times
02-06-2025
- Business
- Economic Times
What is LRS or RBI's Liberalised Remittance Scheme?
Funds can be remitted outside India for various purposes such as investments, travel, education and more The Reserve Bank of India provides the Liberalised Remittance Scheme. Indian residents can send money abroad. Individuals can remit up to $2,50,000 annually. This is without special permission from the RBI. The scheme is for education, travel, investments, and more. Tax is applicable depending on the purpose of remittance. Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) 1. LRS is a facility provided by the Reserve Bank of India (RBI) that allows resident individuals in India to send money abroad.2. Individuals can remit up to $2,50,000 per financial year (April– March) without special permission from the RBI3. Only resident individuals, including minors (through a guardian), are eligible. The scheme does not apply to companies, partnerships, or trusts.4. Funds can be remitted for various purposes, including education and medical expenses abroad, travel, gifting and donations, investments in foreign stocks, bonds, real estate, and deposits.5. Depending on the purpose, tax collected at source , or TCS, of up to 20% may be applicable on the remitted on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
02-06-2025
- Business
- Time of India
What are low-duration mutual funds? Who should invest in them?
Low-duration funds invest in short-term debt instruments. These funds offer stable returns over six to twelve months. They suit investors seeking liquidity and lower interest rate sensitivity. These funds invest in CDs, CPs, treasury bills, and short-term corporate bonds. Investors can access such low-duration funds through various platforms online. Tired of too many ads? Remove Ads Where do these invest? Why consider these How to invest Points to note Tired of too many ads? Remove Ads (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) Low-duration funds are debt mutual funds that invest in debt and money market instruments with an average maturity of six to 12 months. They are suited to investors seeking relatively stable returns over a short-term horizon of six months to a year, offering a balanced mix of liquidity , returns, and lower sensitivity to interest rate funds primarily invest in a mix of short-term instruments, such as certificates of deposit (CDs), commercial papers (CPs), treasury bills, and short-term corporate bonds. The lower average maturity of the underlying securities helps reduce the impact of interest rate fluctuations, making these less volatile comparedd to long-duration debt funds are useful during uncertain interest rate environments. Since these invest in short-term instruments, the fund manager can adjust the portfolio more frequently based on changing market conditions. For risk-averse investors who want better returns than traditional savings or fixed deposits without locking in funds for long periods, low-duration funds offer an attractive middle can access low-duration funds through mutual fund platforms, banks, or financial advisors. It is advisable to review the fund's credit quality, expense ratio, historical performance, and experience of the fund management team. While these funds aim to preserve capital, credit risk cannot be completely eliminated. So investing in schemes with high-rated instruments is prudent.• Low-duration funds are best suited to short-term goals or as part of a larger asset allocation strategy.• Avoid using these funds for goals that demand complete capital protection in the short on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava, and Labdhi Mehta.
