FitRichSane

2021-05-15 18:31:24 FitRichSane pinned «Let's do an audio call at 05:00 PM tomorrow. Ask me about personal finance, investments, general health, personal psychology about motivation, procrastination, life choices etc. Don't ask me when a stock will go up, what you should do in case you have a…» Open / Comment

2021-05-15 18:30:00 Let's do an audio call at 05:00 PM tomorrow.

Ask me about personal finance, investments, general health, personal psychology about motivation, procrastination, life choices etc.

Don't ask me when a stock will go up, what you should do in case you have a disease, how to overcome medical depression.

Looking forward to it. Let's share knowledge. I hope I'll be able to help you lead an awesome life Open / Comment

2021-05-15 12:30:03 Tax free incomes in India:

1. Agriculture Income
2. Components of Salary like Meal Coupons, Mobile Phone and Internet Bill Reimbursement, Leave Travel Allowance, etc.
3. Share of Profit from Partnership Firms
4. Receipts from HUF for its members
5. Retirement Benefits like Gratuity, Leave encashment
6. Commutation of Pension
7. Pension from UNO
8. Voluntary Retirement Payments up to Rs 5 Lakhs
9. Retrenchment compensation
10. Scholarships
11. Awards by Government
12. Government Relief Funds
13. Gifts from relatives & Gifts up to Rs 50,000 from non-relatives Open / Comment

2021-05-15 06:30:07 EPF/VPF (Employee/Voluntary Provident Fund)

EPF is tax free if it’s withdrawn after 5 years of continuous service. In case withdrawal happens before 5 years, it’s fully taxable. Five year of continuous service means that your EPF account is active (has received active contribution) for more than 5 years even if you have changed multiple employers in the period Open / Comment