There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
PFRDA has issued these clarifications in response to queries received from pension fund managers seeking clarity on certain clauses of the investment management agreement for private sector.
Building your Retirement Nidhi is your Karmayoga, ensuring a Golden Yug where you can truly enjoy the fruits of your labour, says Vatsal Ramaiya as he explains how Rs 15,000 per month can help build a Rs 7 crore corpus.
The aggressive life cycle fund will allow equity exposure of up to 75%, up from the current limit of 50%.
'Any earnings, regardless of location, will be subject to Indian income tax.'
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
The 'partial withdrawal' is however allowed only after 10 years of contribution by the subscriber, said the draft guidelines by the Pension Fund Regulatory and Development Authority.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
With the new pension system attracting lukewarm response from citizens, interim regulator PFRDA today expressed hope that the Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
But to avail the benefit of this new tax-saving scheme you will need to ask your employer to make some changes to your CTC package.
The Army has appointed Lt Gen NPS Hira as Deputy Chief of Army Staff with effect from March 14.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
If you were to choose one of these as long term investment (at least 15 years), which one would you opt for? What should be the reasons for you to choose one of these? Here is a comparison of these schemes based on certain important factors
rediffGURU Mihir Tanna answers your income tax queries.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
rediffGURU Sunil Lala answers your MF-related queries.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
The protesters who had gathered under the banner of the Joint Forum for Restoration of Old Pension Scheme and National Joint Council of Action said they were worried about their post-retirement future.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
When we look at the pension expenditure of the states, so far, there has been no gain from the NPS reform. Pension expenses as a share of total state revenue expenditure rose from 4% in 1991-1992 to 10% at the time of the NPS reform, and have risen further to about 12%, observes Ajay Shah.
rediffGURU Sunil Lala answers your personal finance-related queries.
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
rediffGURU Samkit Maniar answers readers' personal income tax queries
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Sukhu said that he was a warrior and will fight till his last to ensure the welfare of the state and its people.
... changing seats and in-flight entertainment on its older aircraft.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
On-demand convenience platform Swiggy's food delivery business has turned profitable, making it one of the very few global players in the sector to achieve such a feat in less than nine years since inception, company CEO and co-founder Sriharsha Majety said on Thursday. Bullish on India's journey of eating out and food delivery, Majety, in a blogpost, said, Swiggy is "very sanguine about the growth potential over the next two decades" and would continue to drive further growth in food delivery. "Our sharp focus on innovation, coupled with strong execution has led to yet another milestone.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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