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The European Equity Fund, Inc. and The New Germany Fund, Inc. Declare Distributions


Press release content from Business Wire. The AP news staff was not involved in its creation.
The European Equity Fund, Inc. and The New Germany Fund, Inc. Declare Distributions
May 7, 2021 GMT
NEW YORK (BUSINESS WIRE) May 7, 2021
The European Equity Fund, Inc. (NYSE: EEA) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that its Board of Directors declared the distributions set forth below. GF’s total distributions will be paid in stock except that any stockholder of record as of May 17, 2021 may elect to receive such distribution in cash. EEA’s total distributions will be paid in cash. ....

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No tax benefit on ULIPs, high PF contribution - The Hindu BusinessLine


No tax benefit on ULIPs, high PF contribution
February 01, 2021
PF contributions enjoyed tax deduction under Section 80C up to a maximum contribution of ₹1.5 lakh per year   -  Getty Images/iStockphoto
PF contributions enjoyed tax deduction under Section 80C up to a maximum contribution of ₹1.5 lakh per year   -  Getty Images/iStockphoto×
With the new proposal, interest on contribution of over ₹2.5 lakh to Employee Provident Fund will be taxed
The Budget 2021-22 has tightened provisions for high-income earners taking advantage of popular tax-saving investment options.
Firstly, interest earned on PF contributions over ₹2.5 lakh is taxable. This provision shall be applicable on contributions made on or after April 1, 2021. This is a continuation of the government’s move last year to set an aggregate limit of ₹7.5 lakh for employer contributions to the PF, National Pension System (NPS) and superannuation fund, any contribution beyond whichwas ....

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Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh


Union Budget 2021: Reintroduce single tax slab structure, raise minimum taxable income to Rs 7.5 lakh
All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus pandemic
FP Staff
January 31, 2021 23:47:41 IST
Government should look for ways to give tax relief. Reuters
The pandemic and the subsequent Work From Home policy has led to some employers offering allowances and reimbursement to employees. All eyes are on the upcoming budget for the next financial year as India looks to recover from the economic devastation caused by the coronavirus
pandemic in 2020-21. It is widely expected that the government will prioritise spending in the next fiscal and ensure a smooth transition into growth territory in 2021-22. ....

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