Thu, Jan 11, 2024
National Pension System (NPS) is a popular tool for investors seeking a sizeable retirement corpus and a pension after that. While it gives you financial freedom to live your post-retirement life freely, it also works as an effective tool to save income tax. On an NPS investment, you can claim a tax exemption under Section 80CCD of the Income Tax Act. It has two sub-sections: 80CCD(1) and 80CCD(2). Apart from this, there is another sub-section of 80CCD(1), 80CCD(1B), which apply to the tax benefits under NPS.
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Tue, Jan 02, 2024
If you are a working woman and want to keep your money safe and also earn good profits, you have investment options like gold ETF, mutual funds and the national pension scheme. Know what other investment options you have.
Fri, Nov 03, 2023
National Pension Scheme: Now you can systematically withdraw the maturity amount after retirement from your NPS account, but the question is how to withdraw it?
Sat, Sep 09, 2023
You need to make a monthly contribution of at least Rs 500 for an NPS Tier I account and at least Rs 1,000 each month for an NPS Tier II account.
Fri, Aug 25, 2023
Small savings schemes have been very popular in India due to the financial security and the return they offer. Investors looking to grow their wealth, or planning for their child's education, retirement, or any other future expense can invest in small saving schemes to earn high returns. In this video we discuss the returns that investors can expect for every Rs 10,000 invested in these schemes.
Before picking either a fixed deposit or opting for the National Pension Scheme, a person needs to first decide on the ultimate goal. Both are very good financial instruments, but which one is better depends on what kind of benefits you are looking for.
Thu, Aug 03, 2023
Section 80C of the Income Tax Act, 1961, is one of the most commonly used sections for claiming tax deductions. Under Section 80C individuals can claim deductions for certain investments and expenses. These included investments in pension schemes, PPF and life insurance, among others.
Wed, Jul 12, 2023
An employee can subscribe to the NPS with a minimum monthly contribution of Rs 500. Even though there are various methods to check the NPS balance, one of the most convenient ways is to check the balance through the Umang application.
Mon, Jul 10, 2023
Understanding the intricacies of tax laws can significantly aid individuals in managing their financial affairs and in effectively reducing their tax liability. By strategically utiliszing salary perks and investing in the National Pension Scheme (NPS), tax obligations can be significantly trimmed.
Thu, Jun 15, 2023
NPS: Everyone wants his old age to pass comfortably without any financial troubles. For this, they make small and big investments, which provide them a big fund after retirement. If a good amount of money keeps coming in hand every month, then the tension of money will end in old age and life will pass comfortably. We are telling you four such guaranteed pension schemes.
Tue, Mar 21, 2023
Amid protests in many states against the New Pension Scheme, sources from the Ministry confirmed that the government has prepared an alternative to the Old Pension Scheme. Discussions have been going on in the Finance Ministry regarding guaranteed returns in New Pension Scheme. Know complete details on the news from Tarun Sharma.
Sun, Mar 19, 2023
Paisa Wasool 2.0: National Pension System or Employees' Provident Fund, we answer which is the better tool as far post-retirement financial security is concerned.
Tue, Mar 07, 2023
International Women's Day 2023: Here is a list of ideas for women to achieve long-term investment.
Mon, Mar 06, 2023
Government allows one-time option for those who applied for jobs advertised before December 22, 2003 but joined the service in 2004.
Thu, Jan 12, 2023
As per the provision, 80% of Debt-Linked Savings Scheme (DLSS) will have to be invested in debentures and bonds of the company
Sat, Jan 07, 2023
The asset under management is likely to be around Rs 9 lakh crore this financial year due to market volatility, according to the Pension Fund Regulatory and Development Authority (PFRDA).
Tue, Nov 22, 2022
What are the withdrawal rules under NPS? How to claim NPS amount? What is the claim process in NPS? Know answers to all these questions on Money Guru from Poonam Rungta, Certified Financial Planner and Certified Financial Planner, Pooja Bhinde.
Fri, Oct 21, 2022
Old pension scheme closed by late ataj vihari vajpayee in 2003 and from 2004 national pension scheme implemented. Now government employees are demanding for old pension scheme implemation for them. Here in this video know the the difference between old pension scheme and national pension scheme
Thu, Sep 15, 2022
An important change has been made in the rules of National Pension Scheme (NPS). Now a separate form is not necessary for pension on retirement. Double form is not necessary to buy pension from deposit amount. Withdrawal form of NPS will be considered as proposal form. Pensioners can submit life certificate online. NPS has investment options in equity, corporate, debt, government bonds: Anil Chopra, Group Director-Financial Wellbeing, Bajaj Capital and Tanwir Alam, CEO, Fincart.
Wed, Sep 14, 2022
At present, NPS retirees are required to submit an exit form to Pension Fund Regulatory and Development Authority (PFRDA) and a proposal form to insurers at the time of superannuation.
Tue, Sep 13, 2022
Now, the exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers, Irdai said.
Thu, Jul 28, 2022
NPS means National Pension Scheme. Government servant is exempted from 14% contribution. The employee gets 80C benefit in contribution up to ₹1.5 lakh. It is possible to withdraw 60% of the corpus on retirement. NRIs can also invest in NPS. PPF means Public Provident Fund. PPF has a lock-in period of 15 years. There is triple tax benefit on investment in PPF. You can invest up to ₹ 1.5 lakh in a year through PPF. Minimum investment of ₹ 500 is required in a year. Account can be opened in post office and bank: Prathiba Girish, Founder, Finwise.
Tue, May 17, 2022
National pension system scheme is voluntary retiremet saving scheme. The scheme seeks to promote the habit of saving for retirement amongst the citizens. Let us know more about it's nomination process.
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