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The flat tax plan would have bipartisan ...

Arizona’s tax system is structurally unbalanced as the demand for government spending continues to far exceed tax revenue collected. Prior to this Covid recession, there was a bipartisan agreement that additional funds were needed for education, housing, infrastructure, health care, public safety and state government. However, the budget has never been big enough to meet […]

EPF interest rate: The tax on EPF intere...

Budget 2021 proposed to levy income tax on interest earned on employee contributions to the Employee Provident Fund (EPF), but not everyone will be affected by this proposal. Only the accrued interest on the part of the annual contribution which exceeds Rs 2.5 lakh will attract income tax. Granted, people with high base salaries will […]

Tourism industry seeks to cut GST rate a...

Major players in the country’s travel and tourism industry on Thursday presented the government with a proposal including a package of measures needed to revive the besieged sector. Led by the policy advocacy organization Federation of Associations in Indian Tourism & Hospitality (FAITH), a group of leading hospitality industry associations have demanded a reduction in […]

Low interest rate, tax reform to attract...

(File photo) MANILA – The low interest rate environment in the Philippines and the continued approval of tax reform measures should remedy the outflow of foreign portfolio investment from the country, an economist from Rizal Commercial Banking Corp said on Friday. (RCBC). Data released Thursday by the Bangko Sentral ng Pilipinas (BSP) showed that registered […]

Henry Commission Approves Mileage Rate, ...

McDONOUGH – The Henry County Council of Commissioners approved both the county mileage rate and the creation of four tax districts. The county’s 12.733 mileage rate will remain the same as last year. However, due to an increase in the tax digest, the county will collect more taxes in fiscal 2021 compared to last year. […]

EPF: What is the EPF? Connection to emp...

About the Employee Provident Fund The Employee Provident Fund or EPF is one of the savings plans aimed at the salaried class. It aims to facilitate the way to save money to build a sufficient corpus to meet their post-retirement expenses. At present, the scheme has facilitated over 5 million people and is governed by […]

Eligibility, interest rate, tax benefits...

India Post or Department of Posts, which operates the country’s postal system, also offers nine savings plans with different interest rates. One of these savings programs offered by India Post is the Senior Citizen Savings Scheme (SCSS). The interest rates applicable to these schemes are currently reviewed quarterly by the Ministry of Finance. Here is […]

Seniors Savings Plan: interest rate, tax...

In public and private sector banks, a SCSS account can be opened, outside of regional post offices. Most seniors look for places to keep their savings safe and at the same time get a moderate rate of return. The Seniors Savings Plan (SCSS) offers the same with investment security, a steady stream of income as […]

Letter: Lump-sum tax break would encoura...

Hats off to Merryn Somerset Webb for reminding us that the purpose of the pension tax break is to encourage people to save enough for a half-decent retirement, not to provide a (generous) subsidy to high incomes. who can take care of themselves (“Pensions Tax Relief on a Slippery Slope”, February 22). The best way […]

Postal term deposit vs NSC: interest rat...

Representative image Highlights Among the many investment opportunities available to save tax, two of the most popular short-term investment instruments are the National Savings Certificate and the 5-Year Postal Term Deposit. Both the NSC and the 5-year POTD are issued by post and the capital invested in both programs is government protected and fully secured. […]