NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
It is proposed to provide a combined upper limit of Rs 7.5 lakh in respect of employer's contribution in a year to NPS, superannuation fund and recognised provident fund and any excess contribution is proposed to be taxable.
rediffGURU Mihir Tanna answers your income tax queries.
Veterans bemoan the 'lack of intention' shown by the Modi sarkar, who seem to have reneged on their poll promise.
While India's GDP growth slowed to five-year low of 5.8% in Q4, China grew at 6.4%.
There will be tripartite pact with member, bank/housing agency and EPFO.
Among 40 pubic services which will be covered under the scheme in the first phase are caste certificates, income certificates, driving licences, new water and sewer connections, driving licences, duplicate driving licences, handicap pension schemes, domicile certificates, issuance of delayed birth order, Lalo Dora certificates etc.
Protestors continued to target railway properties in Bihar and West Bengal on Saturday to vent their ire against the Agnipath defence recruitment scheme disrupting train services in the eastern region for the fourth day in a row, while demonstrations were held on roads in Odisha and Jharkhand.
The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.
Clark's predecessor Sajid Javid had pledged to help Tata Steel UK with a proposed package of measures and new British PM Theresa May is reportedly supportive of the plan
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
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
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
'Given the possibility that our unstable northern and western borders may become 'live' at short notice, any major systemic change which impacts combat effectiveness should be brought about in a cautious and progressive manner.'
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 long-pending One Rank One Pension Scheme for ex-servicemen was tonight brought into force with government issuing a notification which will benefit over 25 lakh veterans and war widows.
The capital outlay for the three services, for modernisation, stood at Rs 78,586.68 crore
Hundreds of army veterans held a 'Sainik Ekta' rally to press for "honest and truthful justice" as they rejected the One Rank One Pension scheme announced by the government even as some ex-servicemen groups dissociated themselves from the demonstration.
Since NPS is used for a long-term goal like retirement, allowing younger investors to have higher exposure to equities will give them a chance to earn higher returns.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
The 70-year-old ex-serviceman Ram Kishan Grewal committed suicide by consuming poison at a park in New Delhi area on Tuesday evening.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
The Rajasthan Congress led by its state president Sachin Pilot on Thursday held a Chetna Rally against "anti-people" policies of the Vasundhara Raje led Bharatiya Janata Party Rajasthan government.
'He is exposing the failings of the BJP, which is rankling the party.'
Investors across age groups and risk appetite can invest in these schemes.
Agnipath offers jobs to youngsters between 17.5 years and 23 years of age. The unemployment rate in this age group has risen from around 23% in 2017 to over 50% since 2020. Every second person who is looking for employment in this age group is unemployed, explains Mahesh Vyas.
Supreme Court allows more instruments to use the biometric card.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Despite the equity booster, many would be uncomfortable about NPS.
The government was formed 10 days after Shinde raised a banner of revolt against the Shiv Sena leadership. Forty out of 55 Sena MLAs sided with Shinde, which resulted in the collapse of the two-and-a-half-year-old Maha Vikas Aghadi dispensation comprising the Sena, the Nationalist Congress Party and the Congress.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
'Where in the world you get 12.5 per cent return of interest?'
There were concerns that simply opening a bank account wouldn't constitute meaningful financial inclusion, as the poor would rarely use these accounts. However, recent data submitted to Parliament attests to increased account usage, says Ishan Bakshi.
The RBI governor believes corruption ca be fought by streamlining the system.
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