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ANNUITY TAXATION
Rs 15,000 monthly investment for 20 years: NPS or mutual funds? Know which may leave you with a bigger retirement corpusRetirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentia...- Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Rs 1.50 lakh/month income from Rs 1.5 crore corpus? Easy retirement strategies explainedRetiring with Rs 1.5 cr can provide a monthly income, but the amount depends on risk appetite and investment returns. Experts suggest withd...
- Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...
- New NPS withdrawal plan: Retirement Income Scheme offers an orderly exit, but no return guaranteeThe Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Retirement Income Scheme (RIS) under NPS, allowing retiree...
- Choosing the right NPS annuity: Why expenses, behaviour, and risk tolerance matter for retirement incomeThe National Pension System's exit rule eased, allowing more flexibility with annuity purchases. Retirees must carefully decide how much to...
- NPS new rule: With systematic lump sum withdrawal, will returns from NPS be tax-free till age of 75?NPS systematic lump sum withdrawal: After the latest changes, NPS investors will now have the option to withdraw 60% of their retirement co...
- TDS to be deducted on annuity payable to Overseas Citizens of India, NRI NPS subscribersBased on a clarification received from IRDAI, it is hereby clarified that annuity payable by ASPs NRIs and OCIs will be taxed at source, at...
- NPS pension benefits are not same for voluntary and normal retirementWhen a person retires earlier, it is normally expected that his/her post-retirement life would be longer (unless one takes up a second care...
- We need to use tricks to help people make the right financial decisions: ViewJust spreading awareness is perhaps not enough to get people to make the right financial choices. It’s time for some tricks.
- 5 reasons why investors stay away from NPS. But should you?Tax treatment of the corpus is the basic reason why many investors shy away. Only 40% of the corpus is tax free, compared to 100% in other ...
- HDFC Life Pension Guaranteed Plan: Should you lock into annuity rates now?New scheme offers guaranteed rates on deferred annuity plan at time of purchase.
- Why NPS is not a good investmentWith tax saving driving investment decisions, people are drawn to the additional Rs 50,000 deduction under Sec 80CCD(1b). Here is why not t...
- No need to make NPS attractive at the cost of EPFTo make NPS attractive, hope the PFRDA will remove the compulsory annuity clause as several investors avoid NPS now, mostly because of its ...
- EPF Tax: Savers had not been given choice in the Budget proposal, says Dhirendra Kumar, Value Research"The intent behind the EPF tax was not questionable but there were components in it that were not accepted"
- Budget 2016: Why you should look beyond tax when picking a pension fundThe uproar over increasing the age limit for withdrawal of PFs to 58 years is not justified. Withdrawal should only be allowed at retiremen...
- Budget 2016: A 25-year-old could lose 18% of retirement incomeEven those in the middle of their career face the prospects of losing between Rs 10 lakh and Rs 20 lakh (12% to 8%) of their retirement cor...
- Five things you should know about NPS before investingBefore you pour money into the New Pension System, know the tax benefits offered by the scheme and the tax treatment of the income.
- Budget 2013: Review needed on levying of service tax on life insurance products, says V Philip, Bajaj Allianz"In order to boost life insurance, levying of service tax should be revisited in the budget to make the product attractive," says V Philip.
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