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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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.
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.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The federation is now busy sending letters to the prime minister.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'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.'
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.
'There is still scope for selective stockpicking.'
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.
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.
PFRDA, India's new pension regulator, has introduced New Pension System will help working Indians lead a dignified retired life.
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.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Tax Guru Anil Rego answers your personal income tax queries.
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?'
Read this to find if you will be investing in the NPS for your retirement needs.
Among other demands, the unions are also seeking immediate introduction of five-day week in full and reduction of cash transaction hours and regulated working hours.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
You can still save money, says Samkit Maniar
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
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