NPS CONTRIBUTION TIMELINE
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
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.
9 risk management strategies to navigate investment & risk as Sensex hits 75K
The Sensex's recent performance highlights caution amidst potential corrections and geopolitical volatility. Strategies like diversification, cash allocation, risk analysis, and margin of safety can help investors navigate risks effectively in their investment journey.
I am 45 years old and my monthly expenses are Rs 1 lakh; where should I invest to retire at 50?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Advance Techniques for Outcome-Based Planning: Beyond the Roadmap
Outcome-based planning is a more adaptive and customer-centric approach to project management that focuses on achieving desired results. Traditional roadmaps have limitations such as lack of flexibility, output-centricity, and overemphasis on timelines.
How is NPS different for government and private sector employees? Abhishek Mehrotra explains
HDFC Securities' Abhishek Mehrotra highlights that anyone between the ages of 18 and 60 can invest in the National Pension System (NPS) and take up to 60% of withdrawals upfront, with the remaining amounting to an annuity. Government employees are eligible to contribute up to 14% of their basic salary, while those in the private sector can invest up to 10%. Mehrotra notes that a tier-2 NPS account is not compulsory, but those using the tier-1 account are required to invest for the duration of the scheme.
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India’s pension sector shows scope for growth as economy transitions to high-middle-income nation: Eco Survey
At the state level, the benefit of the Employees State Insurance Corporation pension scheme was extended to even those who have lost earning members due to Covid-19. Dependent family members of such persons were entitled to a pension equivalent to 90% of the average daily wage drawn by the worker as per the existing norms. The insurance benefits under the Employees Deposit Linked Insurance scheme were also enhanced and liberalised.
NPS: 5 key measures taken by PFRDA to enhance the NPS subscribers accessibility
Pension Fund Regulatory and Development Authority (PFRDA)has taken various measures to ease the accessibility of NPS and APY to subscribers. Here are some of the measures.
What does government need to do to make new tax regime more attractive? Deloitte's Alok Agarwal explains
"The government had introduced new tax regime and we will talk about that, but the problem is that tax rates have not reduced and for higher income brackets, tax rates have only gone up with surcharges etc. Some deductions and exemptions have become largely irrelevant because of inflation over the years where the limits have not changed."
When will you receive salary, full & final settlement under new wage codes?
The Code on Wages, 2019 has mentioned the various timelines for making payment of salaries, full and final settlement (if an employee resigns). The new law has shortened the timeslines for making payment to employees as compared to the current rules. Read on to know by when your employer is required to credit salary in your bank account.
9 income tax saving tips that also help financial fitness
Investing in tax saving instruments such as EPF, PPF etc. can serve the dual purpose of meeting financial goals and tax savings (up to an investment limit of Rs 1.5 lakh per financial year) concurrently. These investments can help you save tax if you opt for the old tax regime.
MF portfolio doctor: Gupta should set specific money goals instead of one omnibus goal
Gopal Kumar Gupta wants to accumulate Rs 5 crore in 25 years for an unspecified goal. He has no defined goal other than wealth creation. Here's what the mutual fund portfolio doctor tells him to do.
Union Budget 2021: 10 things individual taxpayers should know
Taxpayers will not be required to estimate their dividend income while making advance tax payments. Advance tax will now be payable only when dividend is declared or paid by the company. This will save payment of interest by taxpayer due to underestimation while paying advance taxes.
New tax regime and other tax changes that will come into effect from April 1
The government via a press release dated March 30, 2020, has clarified that there is no extension of the financial year. Here is a look at seven new tax rules that will come into effect from the new financial year, i.e. April 1, 2020.
The difficulties of managing debt funds in India
Depending on the financial plan, risk appetite based asset allocation for many may have a debt allocation.
Will interim Budget 2019 reduce your tax?
Rumours are rife that the government will try to woo the middle class with major tax cuts in its last Budget before the polls.
need2know: Seven macro triggers that may matter for market today
Here's a look at seven macro triggers that may impact your market today
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