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Interest rate, income tax rule, other details that you should know

PPF vs EPF: EPF or Workers’ Provident Fund is a government-backed retirement profit scheme designed for salaried people solely whereas PPF or Public Provident Fund is designed to offer outdated age earnings safety to a PPF account holder. Each give… Continue Reading

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Money received from children is not taxable

My son lives overseas and sometimes sends cash to the financial institution accounts of my spouse and myself. Are such quantities taxable in our arms? Additionally, what’s the  restrict for such remittances? —Identify withheld on request In line with the… Continue Reading