An effective retirement fund should definitely be a part of each’s person’s financial planning. The government of India introduced the National Pension Scheme (NPS) which is a contribution-based theme, with the purpose of extending old age security coverage to anyone opting for this scheme. It is a long-term investment that yields reasonable returns. All Central and State government employees and all citizens of India falling between the 18 to 60 years of age are qualified to invest in NPS. Even if you are a pre-existing pension account holder, you can apply for this scheme with a fresh registration. You can operate your NPS account anywhere in India. NPS is also associated with an additional tax benefit under section 80CCD (1B) over and above the benefit received under section 80CCE of the Income Tax Act.
The Government has hiked the interest rates for Small Savings Schemes for the Third Quarter (1st October, 2018 – 31st December, 2018). There is a change of upto 40 basis points in... Read more »
Are you thinking to invest a part of your monthly income for your retirement? If yes, then you must also be struggling to get the answer of the question that comes from... Read more »
Tax saving is an important aspect of everyone’s financial planning as it can directly impact the earning of investors. As per the income tax law 1961, individual investors can invest in tax... Read more »