The Pension Fund Regulatory and Development Authority (PFRDA) has sought income tax exemption for the New Pension Scheme at par with other schemes like Public Provident Fund (PPF).
In their first step towards introducing a pension scheme based on defined contribution, public sector banks have in-principle decided to introduce such a scheme for new recruits in the officer cadre.
Justice Surya Kant is set to become the 53rd Chief Justice of India, bringing extensive experience and a record of significant verdicts on key issues.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.
An expert group has called for carving out two separate accounts -- PF and annuity -- in the employee provident fund scheme to meet the challenge of fund depletion in the pension scheme and introducing greater transparency for subscribers.
The decision taken at a meeting of the Union Cabinet presided over by Prime Minister Narendra Modi will result in an additional annual expenditure of Rs 8,450 crore, according to the defence ministry.
There are seven potential buyers, ranging from the Port Talbot steelworks' management to the UK steel industry investors Liberty House
NPS shifts the onus of fund management from the company or government to you.
The idea of retirement planning with a pension plan assures regular income to the policyholder in the form of pension or annuity.
EPF nominations decide inheritance -- here's what happens if you don't file.
Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all religious-cum-charitable trusts, as in the existing tax laws. The original Income Tax Bill, which was brought in Parliament in February, had done away with this exemption and the ITR filing flexibility for claiming TDS refunds.
Addressing the nation on the 70th Independence Day from the Red Fort, the prime minister had announced a 20 per cent hike in the pension for freedom fighters.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
The Bihar chief minister had a point to prove in the latest assembly elections, which were held amid speculations of a fatigue factor, if not downright anti-incumbency, made worse by rumours of his indifferent health.
Sex workers in Sonagachi, Asia's largest red-light district, are pleading for relief from stringent voter ID rules that they say are impossible to meet, potentially leading to exclusion from the voters' list.
India should look at the Dutch model, which attempts to provide a decent lifestyle post-retirement.
The Congress-led UDF secured a decisive victory in Kerala's local body elections, dealing a blow to the LDF, while the BJP gained significant ground, including winning control of the Thiruvananthapuram Corporation.
Now a multi-dimensional rate structure has been created for CGHS cardholders in all categories based on four different parameters, with semi-private rooms forming the base for package rates.
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
A SWOT analysis of the NDA coalition led by Nitish Kumar as Bihar heads into assembly elections, examining its strengths, weaknesses, opportunities, and threats against the INDIA bloc.
Justice Surya Kant has been appointed as the 53rd Chief Justice of India, succeeding Justice Bhushan R Gavai. He will assume office on November 24 and serve until February 9, 2027.
Read this to find if you will be investing in the NPS for your retirement needs.
CPGRAMS -- an online platform available to citizens 24x7 to lodge their grievances to public authorities on service delivery -- has existed for close to two decades. But it has never been this active, points out Tamal Bandyopadhyay.
Actor-politician Vijay held his first public meeting in Puducherry, criticising the central government for neglecting the union territory's demand for statehood and praising the local government's impartiality. He also targeted the DMK government in Tamil Nadu, suggesting they could learn from Puducherry.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
All that you wanted to know about the new pension scheme and pension fund managers.
However, the government rejected the army's demand to implement the scheme with retrospective effect from June last year, when the Doklam face-off between Indian and Chinese armies had begun, official sources said.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
