The regulatory authorities of the capital market and the pension sector have introduced several changes to their regulations over the past month for the benefit of the public. Learn more.
Banks normally lend about 75-90 per cent of the value of the property as loan. Persons of Indian Origin above 18 years of age can invest in NPS. If stamp duty value is higher by more than 10 per cent of the agreement value,...
Budget 2023 has made the new income tax regime the default option from FY2023-24, although the choice to avail of the old tax regime still exists.
EPF is entirely tax-exempt, but only 60 per cent of the corpus in NPS is tax-exempt. Deduction under Section 80TTB is not available on NSC. Only interest credit in NRE account is tax-exempt for NRI
Your provident fund contribution won’t be liable to income tax if you have contributed for more than five years. You can claim tax benefit on personal loan taken for home purchase. Putting money in a linked account for...
In the new financial year, several changes will take effect in the personal finance space, including new taxation rules. Let us look at those
There is an overall limit of Rs. 1.50 lakh prescribed under Section 80CCE for Section 80C, 80CCC and 80 CCD (1) taken together. Construction of house has to be completed within three years of sale to be eligible for LTCG...
Union Finance Minister Nirmala Sitharaman said the government is considering several representations concerning pension, bringing tax collection at source for credit card payments for foreign trips under the Liberalised...
The Centre on Monday clarified that the funds deposited for National Pension Scheme (NPS) cannot be given to state governments as per the current laws by...
The Centre is reportedly considering the option to offer a guaranteed pension of around 50 per cent of the last pay drawn to government employees under the...
Majority of NPS Equity Tier-I schemes have underperform its benchmark on five, seven and 10 years basis. Should this be a concern for investors, especially...
The government sector NPS subscribers include employees of central and state governments and autonomous bodies
The upcoming Union Budget will be the last full year budget from the Modi government ahead of the Lok Sabha elections due in early 2024
Under the old pension scheme, employees get a defined pension and an employee is entitled to a 50 per cent amount of the last drawn salary as pension
Should an NPS subscriber die prematurely or interstate, here’s a step-by-step process by which his/her legal heirs or nominees can claim the accumulated sum...
If you are 60 years or older and have an account under the National Pension System (NPS), you can withdraw the accumulated funds in a lump sum or annuity.
A good NPS fund manager will ensure a large retirement corpus. That’s why it’s important to choose the right fund manager when investing in the National...
Here’s how to set up a systematic investment plan (SIP) for an NPS account (Tier I and Tier II) online (D-Remit) or offline (NPS POP) and the cost applicable...
The Pension Fund Regulatory Development Authority has enabled new account registration and online address updation in the National Pension System by fetching...
The 44 global pension systems included in the joint survey of the CFA Institute, the Monash Centre for Financial Studies (MCFS), and Mercer, accounted for 65...
The Pension Fund Regulatory and Development Authority (PFRDA) has said that NPS subscribers can continue with their existing investment pattern or PF choice...
IRDAI has relaxed the norms for submitting of separate proposal forms for buying annuity products from the proceeds of the National Pension System, thereby...
The state cabinet recently approved the Standard Operating Procedure (SOP) for implementing the old pension scheme, which was discontinued on April 1, 2004 and...
