March 19, 2024 04:00 PM ISTSection 80 CCD(1B) offers an additional deduction of Rs 50,000 – over and above the Rs 1.5-lakh section 80C limit – for investing in NPS. You can open an account online and invest before March 31 to claim these deductions.
March 08, 2024 03:22 PM IST Simple language, better communication, and extensive use of technology are the way forward to resolve grievances, including the high rejection rates of employees' claims.
March 05, 2024 07:07 PM IST The ambiguity around tax treatment of gains made from redemption of NPS Tier-II (investment account) units continues. The government and Pension Fund Regulatory Authority (PFRDA) should come out with clear guidelines on whether such profits will be considered capital gains or 'income from other sources', say tax experts.
March 03, 2024 04:33 PM IST After having worked in the US for 11 years, 40-year-old Nupur Dave was secure about her finances and was looking forward to an early retirement. When she quit, she was earning about Rs 82 lakh a year.
February 23, 2024 10:50 AM IST As the world embraces larger tech-enabled businesses and embraces diverse social and cultural engagement, the traditional notion of retirement must adapt
February 19, 2024 09:09 AM IST Your employer can contribute to your National Pension Scheme fund over and above the employees’ provident fund (EPF) contributions. Employees or employers need not to choose one over the other.
February 13, 2024 10:04 AM IST Your first stop should be the Central Grievance Management System after which you can escalate the matter to the NPS Trust. If you are still dissatisfied, you can approach the ombudsman appointed by the pension regulator PFRDA
February 16, 2024 02:27 PM IST If you have been voluntarily making a higher contribution to your employees’ provident fund, additional investments will also fetch the interest rate of 8.25 percent just declared by the EPFO.
February 01, 2024 06:27 AM IST Pension sector players expect the Finance Secretary-headed committee tasked with looking into government employees’ concerns about NPS to submit its report around budget time, which could pave the way for a final resolution of the thorny issue.
February 05, 2024 01:39 PM IST Read our Goldco Gold IRA review to determine if it’s the best choice for your Precious Metal IRA needs. Uncover features, customer feedback, & expert insights.
January 18, 2024 11:18 AM IST Union Budget 2024: Given the importance of creating a social security net for Indians, push to NPS in the form of tax benefits is essential, says Sumit Shukla, MD and CEO, Axis Pension Fund
January 14, 2024 12:43 PM IST It is the old cliché, you should go when people ask why and not when.
January 05, 2024 08:52 PM IST Ideally, employer’s contribution of up to 14 percent should be eligible for tax breaks, in line with the rules for government employee. However, to start with, it needs to be brought on par with the employees’ provident fund (EPF) contribution limit of 12 percent, feels the pension regulator.
November 16, 2023 03:15 PM IST Go for systematic withdrawal if you are looking for regular income with higher returns that come with staying invested in equities. But if you wish to move your corpus to fixed income instruments, choose lump-sum withdrawal, say financial advisors.
October 18, 2023 08:12 AM IST Under the National Pension Scheme (NPS), retirees have the option to withdraw 60 percent of the accumulated corpus tax-free at the time of retirement, utilising the remaining 40 percent to purchase an annuity.
October 15, 2023 03:24 PM IST Over his illustrious seven-decade career, Michael Caine has graced the screen in over 160 films.
October 12, 2023 01:15 PM IST Having a sufficient retirement corpus is something we all dream about. Enough money for expenses, leisure, travel and medical emergencies is what we strive for. But many times we fail to invest for retirement savings. Well, even if you start late, you can still build a corpus of crores! Watch to know more
October 09, 2023 07:59 PM IST Kip Turner's advice to young professionals is to 'take advantage of all of the training and education opportunities' a company offers.
October 11, 2023 12:43 AM IST The fund house will keep net equity exposure in the scheme in the range of 5-30 percent but use spot-future arbitrage to maintain the gross equity allocation above 35 percent.
September 06, 2023 01:04 PM IST Under the EPS, a deceased employee’s spouse and children, and in their absence the parents, are entitled to family pension for supporting their financial needs
August 27, 2023 08:17 AM IST India is considering raising the retirement age for chairmen and managing directors of state-owned banks, which control over 60% of the banking system’s assets, a government official said on Saturday.
August 22, 2023 07:17 PM IST K Balasubramanian will take over the role as the India and South Asia BCMA head alongside his current role as the head of corporate banking, South Asia, Citi.
August 21, 2023 05:04 PM IST How much money do you need to retire comfortably - and how do you account for inflation when deciding on your corpus? What all factors you need to consider? To know answers to these and many more questions, watch this video.
August 17, 2023 11:45 AM IST At the age of 60, subscribers to the National Pension Scheme have to choose between 15 annuity service providers and multiple pension payout options. The decision will hinge on your family's goals and financial situation.
August 16, 2023 12:10 PM IST Many people feel that to be financially free, you need to earn a lot but that’s not entirely true. Planning, starting early, and being disciplined can be more important
