Last Updated:February 20, 2025, 11:46 IST Income Tax Calculator: If you have a total cost-to-company (CTC) of Rs 14.65 lakh annually and you avail of provisions like NPS and EPF contributions, your tax liability will become nil. Here’s how: Income Tax Calculator. Income Tax Calculator: The government has exempted an annual income up to Rs…
Introduced in January 2004, the National Pension Scheme (NPS) originally served as a government-sponsored retirement plan exclusively for government employees. However, in 2009, it was expanded to encompass all other sectors. The NPS is governed jointly by the government and the Pension Fund Regulatory and Development Authority (PFRDA) and is designed as a long-term, voluntary…
Tax deductions up to Rs 1.5 lakh per annum for NPS investments can be claimed under Section 80C. (Representative image) The tax benefits that this product offers is yet to be realised by potential subscribers into NPS. The National Pension System (NPS) is being administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA)…
Curated By: Business Desk Last Updated: September 29, 2023, 12:45 IST PFRDA has roped in Regional Rural Banks (RRBs) and banking correspondents as well. The total number of customers connected to NPS as of September 16 is 1.36 crore (except NPS Lite). The National Pension System (NPS) was launched on January 1, 2004, to provide…
Curated By: Business Desk Last Updated: September 04, 2023, 12:37 IST There are 6.62 crore NPS And APY subscribers. According to reports, it took around 2 years and 10 months to double from the Rs 5 lakh crore mark. Assets under management (AUM) of the National Pension System (NPS) and the Atal Pension Yojana (APY)…
Curated By: Business Desk Last Updated: August 10, 2023, 12:31 IST The government of India is re-evaluating the role of the Life Insurance Corporation (LIC) to tighten the operation for enrolment under the voluntary pension schemes for labourers and workers. The government wants more people to engage through Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) and…