Tag Archives: Retirement

47% Of Working Indians Not Saving For Retirement: Survey

Mumbai: Even as financial security after retirement is valued more, a survey by HSBC has revealed that 47 per cent of working people in India have not started saving for their future or have stopped or faced difficulties while saving. “A large number (47 per cent) of working people in India have either not started saving for their retirement or ... Read More »

PF Tax: 25-Year-Old May Have To Pay Rs 56 lakh in Taxes on Retirement

Finance Minister Arun Jaitley’s Budget proposal to tax 60 per cent of Employee Provident Fund withdrawals has come in for huge criticism. EPF, a popular investment instrument for millions of salaried employees, has 3.7 crore subscribers. (Read) The proposal to tax EPF withdrawals, according to the tax bracket of employees, could set back employees by lakhs of rupee, according to ... Read More »