NPS tax benefits: National Pension System tax deductions you can claim under old and new income tax regimesNPS taxation: The NPS is an optional retirement scheme that functions based on contributions made by individuals. Its main purpose is to en...
29 Aug, 2024, 02.36 PM IST
New NPS scheme for minors announced in budget 2024: Parent can plan pension for their kids which will be transferred to them once they attain majorityNew NPS Scheme for Minors: NPS in Budget 2024: Budget 2024 introduced the National Pension Scheme for Minors, known as NPS Vatsalya. This s...
23 Jul, 2024, 05.43 PM IST
How NPS investment of Rs 50,000 can help you save more income taxNPS deduction of Rs 50000: Under the old tax regime, an individual can claim additional deduction of Rs 50,000 for NPS investment made. Thi...
12 Mar, 2024, 10.24 AM IST
How to save tax via NPS by investing Rs 50,000 additionallyIf you have exhausted the Rs 1.5 lakh limit under Section 80C, then additional tax can be saved by investing Rs 50,000 in NPS. This deducti...
16 Jun, 2023, 12.56 PM IST
Equity investors must diversify asset class to optimise I-T exemption benefits. 5 ways to do itIf you can help it, sell your equity funds or stocks after one year. Second, use the exemption of Rs 1 lakh to your advantage. You can prof...
12 Apr, 2023, 04.49 PM IST
How to open NPS account using SBI Yono appThe National Pension Scheme offers a low-cost way to save for retirement and live a financially secure retirement. Employee contributions t...
10 Jan, 2023, 01.48 PM IST
How to claim tax benefit for additional Rs 50,000 investment in NPSThe Finance Act 2015 inserted a new sub-section (1B) under Section 80CCD of the Income Tax Act to encourage investment in NPS.
13 Jan, 2020, 01.02 PM IST
How to save income tax under section 80CBy claiming this deduction, a person can reduce his/her gross taxable income and thereby the total tax payable. Hindu Undivided Families (H...
13 Mar, 2019, 12.23 PM IST
What are the tax benefits of investing in NPS?An employee’s own contribution is eligible for a tax deduction --up to 10 per cent of the salary (basic plus DA)- under Section 80CCD(1).
10 May, 2018, 04.59 PM IST
What insurers anticipate from Arun Jaitley this budgetThe draft report of a committee suggests that life insurance companies pay income tax at corporate tax rates proposed at 25% as compared to...
24 Jan, 2018, 04.53 PM IST
Budget 2016: Withdrawal from NPS on maturity made tax-free upto 40%In Budget 2016, the finance minister has made withdrawals from NPS on maturity tax free upto 40% of the total corpus accumulated.
29 Feb, 2016, 07.16 PM IST
Budget 2015: Major boost for pension products, NPSThe additional tax incentives for investments in pension funds and the NPS are intended to push up retiral savings in the long term.
02 Mar, 2015, 09.12 AM IST
Budget 2015: Tax incentives to give major push for retiral savings and boost NPSAdditional tax incentives under Section 80CCD for investing in NPS is an effort not just to boost retirement savings, but also popularise t...
01 Mar, 2015, 11.48 AM IST
Budget 2015: More options to save though tax slabs stay the same, says Kuldip Kumar, PwC IndiaWealth tax has been abolished and income tax forms will be amended to capture the details of assets that are currently subject to wealth ta...
01 Mar, 2015, 03.10 AM IST
Top four expectations of insurance industry from Budget 2015 by Max Life InsuranceIn his last budget speech, the Finance Minister had set the fiscal deficit target at 3.6% and 3.1%, respectively, for FY 16 and FY 17.
24 Feb, 2015, 03.46 PM IST
No change in new pension scheme tax reliefInterestingly, the Budget papers said the limit of deduction under Section 80C was raised to encourage household savings.
12 Jul, 2014, 01.08 PM IST
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28 Feb, 2012, 06.45 AM IST