Fri, Apr 19, 2024
Investors aiming to create a sizeable retirement corpus may opt for National Pension Scheme (NPS) or the Employees' Provident Fund (EPF). NPS is a voluntary contribution scheme where one can invest up to the age of 75. One can also withdraw 60 per cent of their corpus at age 60 and get a monthly pension for the rest of their annuities. EPF, on the other hand, provides a tax exemption on the maturity amount. EPF deposits up to Rs 1.50 lakh are tax free under Section 80C of the Income Tax Act.
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Wed, Apr 03, 2024
Tier-1 NPS account has been designed as a pension scheme, It has a lock-in period of 15 years, and provides income after that. Tier-II account, on the other hand, is like a savings account where one can withdraw money anytime. Tier-1 NPS account also provides tax relaxation up to Rs 50,000.
Tue, Feb 13, 2024
National Pension System, or National Pension Scheme (NPS) is a government investment plan focused on retirement planning. The scheme, which is open to government as well as private sector employees, can help one achieve financial freedom at retirement through a regular monthly contribution. Since NPS provides compounding, one can create a huge corpus with consistent investments in the long run. An investment of 10,000 a month may also help one get over Rs 1.50 crore in a lump sum and over Rs 1.14 lakh monthly pension. Know how!
Mon, Apr 27, 2020
National Pension Scheme: One of the best retirement schemes for salaried employees is the National Pension Scheme or NPS which helps you build a corpus for old age and claim tax benefits at the same time.
Sat, Apr 18, 2020
PPF vs NPS: The Government of India has made available a number of schemes where people can save money.
Fri, Apr 17, 2020
NPS vs APY: According to tax and investment experts, a salaried person should go for both options as both pension saving schemes are tax-saving investment options.
Tue, Apr 14, 2020
"The pension assets accumulated under NPS through monthly contributions by central government employees have reached Rs 1.38 lakh crore and state government employees have touched Rs 2.11 lakh crore, respectively," PFRDA data showed.
Thu, Mar 26, 2020
Income Tax Calculator: The Government of India has extended the income tax return filing by three months to 30th June 2020.
Mon, Mar 09, 2020
National Pension System: Funds contributed by subscribers are invested by the PFRDA registered Pension Fund Managers or PFMs as per the investment guidelines; 8 PFMs are currently managing your NPS funds
Sat, Mar 07, 2020
Income Tax Alert: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. If an income tax payer includes Section 80CCD (1B), this annual limit can be raised up to Rs 2 lakh.
Thu, Mar 05, 2020
Big relief! Narendra Modi government has decided to give one chance to the Central government employees to switch from NPS to the old pension scheme.
Wed, Mar 04, 2020
National Pension Scheme: World's lowest cost pension scheme can be opened by any one; the scheme also has low administrative charges and fund management fee
Tue, Feb 18, 2020
Income Tax Slabs: If a taxpayer chooses the new income tax slab 2020, one can claim the income tax benefit under Section 80CCD(2).
Thu, Feb 13, 2020
Income Tax Calculator: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. If an income tax payer includes Section 80CCD (1B), this annual limit can be raised up to Rs 2 lakh.
Tue, Jan 14, 2020
NPS Benefits: Section 80C allows up to Rs 1.5 lakh income tax exemption in a financial year. If an income tax payer includes Section 80CCD (1B), this annual limit can be raised up to Rs 2 lakh.
Sat, Jan 11, 2020
While there are many investment instruments that can give you great tax-saving options, we pick the top five for you
Mon, Dec 30, 2019
NPS Account: The pension fund regulator in India (PFRDA) has recommended the Central Government to double the income tax exemption limit under Section 80 CCD (1B) of the Income Tax Act 1961.
Wed, Oct 30, 2019
The Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizens of India (OCI) to enrol in the National Pension Scheme (NPS) at par with Non-Resident Indians.
Thu, Oct 17, 2019
The Employees’ Deposit Linked Insurance Scheme (EDLIS) is an insurance cover provided by the Employees’ Provident Fund Organization (EPFO).
Fri, Aug 23, 2019
As many as 7,50,400 new subscribers have joined the National Pension Scheme (NPS) within a span of one year.
Thu, Aug 01, 2019
PPF vs NPS is a query that arises among investors who plan for their retirement-related investments and both options provide income tax exemption to an individual.
Tue, Jul 30, 2019
There are two options for applying for an NPS account, either to visit the Point of Presence (PoP), or do it online through the e-NPS website- enps.nsdl.com. To apply online, the applicant will required to quote the PAN (Permanent Account Number) along with his/her bank details.
Thu, Jul 11, 2019
If you are looking to save your Income Tax, you should consider National Pension System (NPS). In Budget 2019, the government changed few income tax rules on investment in the NPS, making it an even more attractive investment.
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