Fri, Jul 19, 2024
NPS Monthly Pension: As per the NPS official website, NPS Tier I account holders can avail tax deduction of up to 10 per cent of their salary (basic+dearness allowance) under section 80 CCD(1) within the overall ceiling of Rs 1.50 lakh under Sec 80 CCE. They can also get a tax deduction of up to Rs 50,000 under Section 80 CCD(1B) over and above the overall ceiling of Rs 1.50 lakh under Section 80 CCE.
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Wed, Jul 03, 2024
NPS calculator: The other central government scheme for retirement planning is Atal Pension Yojana, which provides a guaranteed monthly pension. This scheme is for workers in the unorganised sector.
Wed, Jun 26, 2024
NPS Monthly Pension: National Pension System (NPS) is a retirement pension scheme, where one can contribute up to the age of 70. At retirement, one gets a lump sum amount and the monthly pension. The scheme also provides tax benefits of up to a maximum of Rs 2 lakh under Section 80C and 80CCD (1B) of the Income Tac Act, 1961.
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.
Sun, May 26, 2019
There are some schemes that can save you from tax heat under Section 80CCD1 (B), 80D and 24 (B). In all these schemes, the maximum investment or tax exemption limit is fixed and there are different tax saving opportunities for individual tax slabs.
Tue, May 14, 2019
The Pension Fund Regulatory and Development Authority (PFRDA) had come with a National Pension System-Lite (NPS-Lite).
Tue, May 07, 2019
The investors are often confused between PPF and NPS when it comes to retirement planning. Both schemes offer income tax benefits but which one is better?
Sat, May 04, 2019
When you are earning income and paying off your taxes well, the government cushions you with some saving options. Under Section 80C, a number of instruments help you save taxes. These include ELSS, NPS, NSC, PPF, EPF, SSY, 5 years FD and so on.
The Section 80C under Income Tax Act of India offers a working individual or a taxpayer of the country an opportunity to save his/her taxes. Any individual can save his/her annual tax by declaring investments into some instruments included in the section.
Wed, May 01, 2019
Pradhan Mantri Shram Yogi Maan-Dhan (PM-SYM) is a government pension scheme for unorganised workers that admits unorganised workers in the age group of 18-40 years with a monthly income up to Rs. 15,000.
Mon, Apr 29, 2019
Retiring is not something you do in a hurry. It takes careful planning to ascertain your retirement readiness. There are complex issues to weigh, including pension and health benefits, income and expenses, longevity expectations and the emotional effects of walking away from your professional career.
Thu, Apr 18, 2019
NPS account can be opened at various banks. NPS not only make a subscriber rich during retirement but also shields the future post work life.
From 1st January 2006, for government employees, the minimum pension presently is Rs 9000 per month. The maximum limit on pension is 50% of the highest pay drawn.
Fri, Mar 29, 2019
National Pension Scheme (NPS): The Pension Fund Regulatory and Development Authority (PFRDA) has made some changes to the investment guidelines in some of the NPS schemes.
Sun, Feb 10, 2019
The new pension scheme promises to give Rs 3,000 per month to the labours working in the unorganised sector. However, there is a limitation in the scheme as workers above the of age 40 would not be eligible to join the scheme.
Fri, Feb 01, 2019
Budget 2019: Finance Minister Piyush Goyal in his speech said that since coming to power the NDA government has liberalised the New Pension Scheme (NPS).
Mon, Dec 17, 2018
NPS is a government tool of investment which is best for low-class families as it requires very little investment every month from the citizens, but ensures massive returns on the time of retirement.
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