It has the scope to offer better returns to savers and help government finance important projects.
India A skipper Manish Pandey has been fined 25 percent of his match fee for breaching the ICC Code of Conduct during his side's 86-run win over the National Performance Squad in Townhill, Queensland, Australia.
If an individual invests in the specified tax saving schemes of the government, the effective tax-free income limit will be Rs 650,000 a year.
The fee for fund manager will change. As of now, they get 0.0009 per cent of the funds managed by them.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Last week, the Pension Fund Regulatory Development Authority (PFRDA) appointed State Bank of India, UTI Mutual Fund and the Life Insurance Corporation as fund managers for the schemes to manage the corpus that has accumulated since the NPS was launched in January 1, 2004. At present, the NPS is restricted to all central government employees who have been recruited after January 1, 2004.
The Pension Fund Regulatory and Development Authority Bill, 2011, provides for market based returns and wide coverage based on several investment options in the pension sector with an aim to building confidence in the subscribers.
The PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
It, effectively, means that employees can invest more in 80C instruments. At present, employees claim tax benefits under Section 80CCD for contributions made towards NPS by both him/her and his/her employer.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
'Basic Covid protocols were not followed, which is why so many teachers lost their lives.'
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
Hailed as a revolutionary offering, the NPs has found few takers even after a year of its launch.
The federation is now busy sending letters to the prime minister.
All citizens of the country will be able to avail of pension facility from Friday, with the interim pension regulator PFRDA confirming the scheduled launch of the mega pension plan in a statement on Thursday.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Pension Fund Regulatory Development Authority rolled out the NPS for all citizens from May 1. Till July 31, only 1,109 forms were collected by the 22 points of presence appointed by the interim pension fund regulator. ICICI Prudential Pension Fund Management, which has 49 branches authorised by the PFRDA to act as points of presence, collected 218 forms, the highest among all 22 POPs.
The New Pension Scheme scores over several other retirement products in many ways, check out how and why.
Electricity tariffs to go up as coal cess is doubled.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
PFRDA, India's new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
'There is still scope for selective stockpicking.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The government has announced that an interim investment pattern would be notified for funds collected under the New Pension Scheme to allow 5 per cent investment of the corpus in stock markets.
The new pension system is structured in a manner that it is possible to escape poverty during old age.
The govt has incentivised the worst of investment products.
Kedar Jadhav rescued India A after a top-order collapse to guide them to a three-wicket triumph over Australia's National Performance Squad (NPS) in their fifth match of the ongoing quadrangular series in Darwin.
Sandeep Shanbhag offers tips on post Budget taxation rates.
Employees' Pension Scheme has been asked to fold up and hand over subscribers to National Pension System
Kedar Jadhav slams unbeaten 93, Shreyas Iyer scores half-century while Varun Aaron takes three wickets.
The government will notify categories of employees who will be excluded from the controversial tax proposal on provident fund withdrawals.
'Where in the world you get 12.5 per cent return of interest?'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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