On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
'How is the scheme running despite running such massive deficits?' 'This is because the number of new members are much more than earlier members who are drawing pension.' 'If this was done by a private organisation, it would have been called a Ponzi scheme in which the contribution by new members is being used to pay off old members,' says Harsh Roongta.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
Insurance firms have designed amazing retirment plans to lure more customers.
The Bharatiya Janata Party has released its manifesto for the upcoming Nagaland assembly elections, promising a special package for the eastern part of the state and establishment of a board for the holistic development of the region if the party returns to power for the second time in a row.
The Congress vice president wrote to Prime Minister Narendra Modi saying he was saddened at the decisions of the government taken in the last few weeks
Bournemouth have furloughed staff while top executives and coaches have taken voluntary pay cuts to help ease the financial impact of the coronavirus crisis on the south-coast side, the Premier League club said on Wednesday.
The CMOAI had earlier called for a three-day strike that began on Thursday.
FM's proposal came under immediate attack from various employees unions
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19, the National Statistical Office (NSO) said in a report.
'Where in the world you get 12.5 per cent return of interest?'
Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Investors across age groups and risk appetite can invest in these schemes.
The PM targeted the Opposition after launching the National Sickle Cell Anemia Eradication Mission 2047 by unveiling a portal and releasing a guideline for the management of the disease and different modules at Shahdol in Madhya Pradesh.
The greatest unknown in this risky initiative lies in the way human relationships will play out -- not just between the Agniveers, who will be competing with their fellows for permanent jobs beyond their four-year tenures -- but also between the Agniveers and existing full-time soldiers, warns Ajai Shukla.
Supreme Court allows more instruments to use the biometric card.
Gross enrolments of new subscribers with ESIC were 1.49 crore during the entire financial year 2018-19.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
What is the lure of a government job? The answer is India's worst kept secret: Job security. And among the many government jobs desperately sought after is in the armed forces. Which is why the riots by aspiring armed forces job seekers against the government's Agnipath scheme should not really be surprising, points out Harishchandra.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
While govt has decided to maintain status quo, don't use the money for house, marriage or education
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
The retirement fund body plans to launch 'One Employee One EPF Account' system on May 1.
Rahul Gandhi said Modi should instil confidence in the employees and voters by withdrawing the proposal.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
'Welfare schemes are not a necessary evil, they are a necessary good.'
Families with tax-paying members, government employees, professionals, among those who have been exempted from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
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