Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Jul 23, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by Umesh on Jun 30, 2023Hindi

Money

At what rate the interest earned on ICICI children growth bond is taxed

Ans: This fund has been designed to provide the amount for your child's wedding, higher education etc.
There are two components in the maturity amount. One is Principle and another one is Interest.
There is no tax on the principle amount. Interest earned here will be added to your income and will be taxable as per the slab rates.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 22, 2023

Asked by Anonymous - Feb 21, 2023Hindi

Money

purchased ICICI children growth bond in 2001 on the name of my son. Same has been redeemed in 2022 after maturity. My Son is 22 years old and having PAN also which was submitted to ICICI along with details of his account number after attaining 18 years of age. Redemption amount has been credited to my son's account but TDS has been deducted against my PAN. Is this okay as per IT rules?, any possible corrective action?

Ans: Hi
Generally all financial institutions have a defined policy on investments held by minors and what should be the process of updation of system on such minors attaining the age of majority.

You could check with the institution on their policy and seek appropriate redressal to this issue

Vivek Lala |277 Answers |Ask -Follow

Tax, MF Expert - Answered on Aug 25, 2023

Question by Umesh - Jul 05, 2023Hindi

Money

I have purchased ICICI children growth bonds for my minor daughter in 2001. The same was redeemed. I want to know if the amount I got is only interest than when I will get principal amount

Ans: Hello, that depends on the bond guidelines. Do get in touch with ICICI for the same

Mihir Tanna |933 Answers |Ask -Follow

Tax Expert - Answered on Dec 06, 2023

Question by Yogendra - Jul 06, 2023Hindi

Money

How much tax my daughter will have to pay on ICICI children growth fund amount received on maturity? 5000/- was purchase price in 2001 and received 33000/- as maturity received in 2022

Ans: Kindly check scheme Usually amount received on maturity is taxable.

Samraat Jadhav |2008 Answers |Ask -Follow

Stock Market Expert - Answered on Aug 09, 2023

Asked by Anonymous - Aug 09, 2023Hindi

Money

I took 5 children growth bond of icici for rs. 5000 in 2002 . They have matured in 2023. However ICICI investor centre does not respond nor are they sending the maturity amount. Whom to approach. ICICI bank or demat centres of ICICI are also not ready to respond. Please help whom to approach for redemption.

Ans: Please approach the BANK as these bonds are issued by them.

Latest Questions

Dr Dipankar Dutta |555 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 08, 2024

Question by Prakash - Sep 07, 2024Hindi

Career

My son joined 1st year EEE, what is the additional/parallel course available

Ans: He can do DS from IIT Madras. In NPTEL site many free courses are available. He can do any course best on his interest.

Dr Dipankar Dutta |555 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 08, 2024

Question by T - Sep 07, 2024Hindi

Career

Steps/tips/strategies to be follwed by a first year Engineering student till last year

Ans: What is your stream?

Dr Dipankar Dutta |555 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 08, 2024

Asked by Anonymous - Jun 19, 2024Hindi

Career

Dear sir, my son is getting EEE in Manipal Main campus and CSE in SRM main campus. What should we opt for. Please suggest.

Ans: Go for CSE in SRM Main Campus

Dr Dipankar Dutta |555 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Sep 08, 2024

Question by Ashwin - Sep 07, 2024Hindi

Career

Sir ssn cse or vit cse or mrsit cse or bmsce cse which one to prefer

Ans: The order of preference is
VIT CSE
BMSCE CSE
SSN CSE
MSRIT CSE

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Question by Jijabrao - Nov 12, 2023Hindi

Money

I am meber of EPFO, DEC 1995 TO MARCH 1999 , THEN BREAK & AGAIN JOIN TO EPFO FROM 8 FEB 2006 TILL TODAY, & I HAVE GOT UAN NUMBER FROM FEB 2006 BUT FROM DEC 95 TO MARCH 1999 , THERE WAS NO PROVISON FOR UAN NUMBER, THEN HOW CAN MY LAST SERVICE ADD WITH PRESNT UAN NUMBER

Ans: You may have physical PF slips, documents from your employer which provide details of your EPF account during 1995 to 1999. If you have these records then you can visit EPFO and furnish application to link(merge) this account with your current UAN. They may need a letter from your employer during that phase, attesting the facts about your EPF account.

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Question by BASAVARAJ - Nov 12, 2023Hindi

Money

Epf pension calculated on last 60 months average salary or else the method epfo

Ans: Yes EPS pension is calculated based on average basic salary of previous 60 months and pensionable service period.

Based on a predetermined formula involving these two factors EPS pension is determined.

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Question by Nandkumar - Aug 06, 2024Hindi

Money

I am retired but working as Engineering Consultant. From consutancy I have got income of about Rs 4.00 Lakh. But I get Family pension of Rs 1600.00 per month . So can get standard deduction of Rs 50000.00 for FY 23-24

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Asked by Anonymous - Apr 23, 2024Hindi

Money

I had been working since 1984 to 2019.but there was no EPF facility till I worked 1990. From 1991 to 2001, EPF was there but no details are available with me..Company is also closed...How I will get epf benefit from this company.From the service of 2001 to 2019, now co. is asking pf slips from the emplyees. Theh have the details frm 2009 to 2019.. Please advise how i wll get all these documents Now iam retired too

Ans: Your case is peculiar. Plz. seek help from a lawyer specializing in labour laws/EPF regulations who could guide you to get your EPF money back.

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Question by Balachandran - Feb 25, 2024Hindi

Money

can loss under intraday trading set off with the profit in LTCG and STCG?

Milind Vadjikar |62 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Sep 07, 2024

Asked by Anonymous - Aug 14, 2024Hindi

Money

Sir, I had lost my Job during Covid Pandemic in the year 2020 and I had recently got all of my EPFO credited in my account for the last 10 years 6 months.. The EPF was being maintained by the Company's trust. I had asked the respective manager about my EPS(Pension) then he said that they only maintained the EPF amount and the EPS is maintained by the EPFO. Sir Can you tell me how can I access my EPS fund? Do I need any documents or prerequisites from the Company I last worked with or the company which maintained my EPF? Please provide me all the relevant information about my EPS amount and how can I withdraw it.

Ans: Since you worked for more then 10 years EPFO may not allow you to withdraw EPS. Depending on your age 50/58 you may be eligible to receive pension through EPS. Get the scheme certificate from your employer regarding EPS contributions. Have an active UAN linked to your Aadhar & Bank account so that you file claim for receiving EPS pension thru your assigned EPF office.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x