INVESTING IN NPS
![More tax savings from NPS in Budget 2024? Expect employer's share to rise to 12%, additional Rs 50,000 NPS deduction in new tax regime](https://img.etimg.com/thumb/msid-111534884,width-100,height-75,resizemode-4/wealth/personal-finance-news/more-tax-savings-from-nps-in-budget-2024-expect-employers-share-to-rise-to-12-additional-rs-50000-nps-deduction-in-new-tax-regime.jpg)
More tax savings from NPS in Budget 2024? Expect employer's share to rise to 12%, additional Rs 50,000 NPS deduction in new tax regime
NPS changes in Budget 2024: Currently, the deduction in respect of the employer’s contribution (capped at 10%) to NPS is allowed under both the old tax regime and the new tax regime. The government may consider at increasing this limit to 12% (aligned with the exemption of employer’s PF contribution up to 12%). Another proposal is to introduce the additional deduction of Rs 50,000 under the new tax regime. Will Budget 2024 make NPS and new tax regime more attractive for investors? Read on
![How to save Rs 91,000 in tax using NPS, salary perks](https://img.etimg.com/thumb/msid-111355831,width-100,height-75,resizemode-4/wealth/tax/how-to-save-rs-91000-in-tax-using-nps-salary-perks.jpg)
How to save Rs 91,000 in tax using NPS, salary perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
![New NPS contribution rule: PFRDA reduces timeline of contributions made from July 1; three important things to know](https://img.etimg.com/thumb/msid-111356532,width-100,height-75,resizemode-4/wealth/invest/new-nps-contribution-rule-pfrda-reduces-timeline-of-contributions-made-from-july-1-three-important-things-to-know.jpg)
New NPS contribution rule: PFRDA reduces timeline of contributions made from July 1; three important things to know
New NPS rules: The new NPS contribution timeline allowing for same-day investment will come into force on July 1, 2024, as per a circular issued by PFRDA on June 28, 2024.
![Get 60% higher pension by delaying your NPS exit by 5 years; know how NPS continuity and deferment options can help you](https://img.etimg.com/thumb/msid-111255395,width-100,height-75,resizemode-4/wealth/invest/get-60-higher-pension-by-delaying-your-nps-exit-by-5-years-know-how-nps-continuity-and-deferment-options-can-help-you.jpg)
Get 60% higher pension by delaying your NPS exit by 5 years; know how NPS continuity and deferment options can help you
NPS exit: Many people who have not saved enough for retirement income in NPS they need to know about the options they have at the time of exit at the age of 60. By exploring deferment, continuance, and systematic withdrawal options, individuals can optimize their NPS corpus for long-term financial security and flexibility. A delay in exit can not only save taxes but can help you build big retirement kitty and hence higher pension.
![18 major NPS changes in last 6 months: New online withdrawal facility to changes in NPS transaction statement](https://img.etimg.com/thumb/msid-111112086,width-100,height-75,resizemode-4/wealth/save/18-major-nps-changes-in-last-6-months-new-online-withdrawal-facility-to-changes-in-nps-transaction-statement.jpg)
18 major NPS changes in last 6 months: New online withdrawal facility to changes in NPS transaction statement
New NPS rules: The National Pension System CRAs registered with the Pension Fund Regulatory and Development Authority (PFRDA) are consistently improving their systems. Here are the important NPS functions recently announced to enhance user experience and operational simplicity.
![New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-September](https://img.etimg.com/thumb/msid-111169063,width-100,height-75,resizemode-4/wealth/invest/new-nps-investment-option-balanced-life-cycle-fund-to-help-you-build-bigger-retirement-corpus-to-be-launched-in-july-september.jpg)
New NPS investment option Balanced Life Cycle Fund to help you build bigger retirement corpus; PFRDA to launch it in July-September
NPS Balanced Life Cycle Fund by PFRDA: The NPS auto choice option is suitable for those NPS subscribers who find it difficult to decide when and how much to invest in each asset class. As the equity exposure reduces each passing year, the NPS subscriber does not need to manage the allocation according to the risk appetite actively. Now the equity exposure in the Balanced Life Cycle Fund has been increased till the age of 45. So several young NPS customers will benefit from it.
How to cut income tax outgo by Rs 75,000 with NPS, health insurance
How to reduce income tax outgo: Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Tuteja can reduce his tax by around Rs.75,000 if his company offers him some tax-free emoluments as well as the NPS benefit. Tuteja also needs to invest in the pension scheme on his own, buy health insurance for his parents, and avoid booking taxable capital gains.
How to use NPS to reduce tax outgo by Rs 50,000
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tweak NPS allocation, increase SIPs by 5% every year to achieve ambitious goals
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
Types of NPS accounts: 4 differences between NPS Tier 1 and Tier 2 accounts
The NPS, a government pension scheme, offers Tier I and Tier II accounts with different functions. Tier I is for retirement planning with withdrawal restrictions, while Tier II is a flexible savings account.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
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NPS investment: Why exit barrier is the biggest positive feature of the NPS, explains Sriram Iyer of HDFC Pension
Many individuals have concerns that their money will get stuck in the NPS till retirement. That’s not necessarily a bad thing because the money is at the right place. Investment returns can be enormous if held for the long term, Sriram Iyer tells ET Wealth.
Will you save more tax by opting for the old income tax regime?
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Where should you invest when saving for retirement?
The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.
How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.
Gilty, My Lord! Pension funds bond more with govt debt
NPS drives record investment in government bonds to 4.4%, totaling ₹4.67 lakh crore. Shift towards debt, influenced by market performance, particularly in fixed-income, reflects security-focused investment decisions amidst changing yield dynamics and retirement strategies.
Low charges, high returns, income tax benefits — 5 reasons to choose NPS for retirement planning
The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
NPS is a long-term investment with very low costs, low risk profile: Rahul Bhagat, CEO, DSP Pension Fund
Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the retirement portfolio should generate a fixed and assured income, Rahul Bhagat tells Babar Zaidi
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