Budget 2015 had introduced a new section 80CCD (1B) which gives deduction up to Rs 50,000 for investment in NPS (National Pension Scheme) Tier 1 account This new deduction can help you save tax up to Rs 15,600 in case you are in the 30% tax slab. The question is should you take advantage of this […]
Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)? Read More »
EPF (Employee Provident Fund) is one of the best retirement plans offered to salaried employees. The deduction happens automatically, the employer makes an equivalent contribution and above all the interest earned is tax free. If the EPF amount is never dipped into and is transferred every time job change happens it would result in substantial
Our Prime Minister had announced a new Pension Scheme for Senior Citizens offering 8% returns for 10 years in December 2016. The proposal was also stated in Budget 2017. This has finally been launched on May 4, 2017 with the name of Pradhan Mantri Vaya Vandana Yojana 2017-18 (PMVVY). In this post we review PMVVY
In case if you have logged in to your NPS Portal recently you get an option about “Shift to eNPS”. In this post we explain about What is eNPS, the benefits of eNPS and process to shift to eNPS. What is eNPS? eNPS is NPS account which has been opened by subscribers using Aadhaar on
Government of India notified that PPF account holders can now close their PPF accounts prematurely in certain extreme cases with penalty. We explain you the conditions and the penalty impact. When can PPF Account be Closed before Maturity? The PPF account can be closed before maturity if it has been operation for at least 5
