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Source: Live Mint This is the time of the year when employees are busy submitting investment proofs to their employers. Essentially, investments are meant to be declared to the respective employers during the year and one must submit the proof of investment in order for the employer to deduct TDS (tax deducted at source) accordingly. Meanwhile,…
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 7:45 PM IST NPCI Bharat BillPay (NBBL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), on Tuesday partnered with the Pension Fund Regulatory and Development Authority (PFRDA) to integrate the National Pension System (NPS) as a biller…
Source: Live Mint The desire for early retirement is gaining popularity as more individuals aim to escape the traditional work timeline and achieve financial independence before the usual retirement age of 60. The National Pension System (NPS) is an excellent option for those seeking early retirement, offering a balanced combination of wealth creation, tax benefits,…
Source: Live Mint The unveiling of NPS Vatsalya, a contributory pension scheme for children, by Union finance minister Nirmala Sitharaman, first announced in her 2024-25 budget speech, marks an important step towards the social security of our citizens. The National Pension System (NPS) was envisaged in 2004 as a jointly funded contributory pension scheme for…
Source: Live Mint In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin. Effective tax planning allows salaried employees to optimise their post-tax earnings. A crucial aspect of tax planning for middle class salaried employees is leveraging deductions and exemptions within legal guidelines, defer taxes and take…
Source: Business Standard Sitharaman will also launch the NPS-Vatsalya scheme at remote locations via video conference. (Photo: PTI) 2 min read Last Updated : Sep 16 2024 | 4:07 PM IST Union Finance Minister Nirmala Sitharaman will launch the NPS-Vatsalya scheme on September 18 in Delhi, according to sources. The event will be…
Source: Live Mint With the UPS (Unified Pension System) soon to become a reality in the next financial year, several government employees may decide to opt out of National Pension System (NPS) for UPS. It is noteworthy that the UPS will for the time being be open only for the central government employees, which means…
Source: Live Mint As you are aware that the Union Government is set to roll out the Unified Pension System (UPS) from April 1, 2025 to give fixed, inflation-linked pensions to subscribers. As of now, the scheme is meant only for 23 lakh central government employees and the state government employees are permitted to opt…
