Recently, someone pointed out to me that the PPF interest rate is now at 7.9% – the lowest in 40 years. In fact, The interest rates on various saving schemes are falling and savers are finding it difficult to decide where to put the money for getting better returns. There is a slight problem with this thinking. We tend to look […]
NPS Withdrawal- Current rules you should know
In the previous two posts on NPS, we covered two questions about whether NPS provides assured returns and how some investors overestimate their tax benefits. In this post, let’s understand the withdrawal rules as currently applicable to NPS. NPS maturity typically takes place at 60 years of age. This is also called normal superannuation. In […]
NPS – Does it provide assured returns?
NPS is a retirement product and hence there are investors who feel that it offers an assured return much like its counterparts PPF and EPF. Sadly that is not the case. On the contrary, an investment in NPS is pretty much similar to a mutual fund. When you open your NPS account, there are various types […]
NPS – Are you overestimating the tax benefit?
NPS or National Pension Scheme is emerging as one of the favourite tax saving options for investors. Under the Income Tax savings options, there is a special benefit provided for investments made in NPS. For additional investments upto Rs. 50,000 under Sec 80 (CCD), there is no tax applicable. This is over and above the section 80C […]
Budget 2024: Big Changes!
Capital Gains Tax, Personal Income Tax Slab – Let’s see all the tax changes the Budget 2024 has brought in.
The enhanced pension from EPS is not a free lunch
There have been several hurried messages about whether to choose the enhanced pension from EPS as per the recent Supreme Court ruling in Nov 2022. The Supreme Court set deadline – March 3, 2023 – with little clarity from EPFO has added to the anxiety. Well, the idea of extra pension sounds good. The only […]
