NPS ACCOUNT
Tax savings no longer driving middle class to buy life insurance: Vibha Padalkar, MD & CEO, HDFC Life Insurance
Unlike in the West, where government-backed social security provides a safety net, Indians know they must rely on their own savings for the future. This fundamental mindset won’t change easily, HDFC Life’s Vibha Padalkar tells Yasmin Hussain.
Time to selectively shed fear in mid- and small-cap space? 5 stocks from different sectors with upside potential of 48%
There are phases when mid-cap stocks come under pressure and are among the worst performers. We have seen one such phase in the past few months. Yet, if you take the last 10 years into account, they have provided the best returns, with mid-cap indices being the top performers in that period. If you did not own mid-caps, your returns in one of the longest bull runs, would not have been very high. One reason why mid-caps do well when an economy like India grows rapidly is that these companies are nimble and capable of improving their operating matrix. And for mid-caps, “cost of capital” is an important part of this matrix. So lower costs on this front works in their favor.
Plan today, relax tomorrow: The benefits of NPS for your golden years
The National Pension System (NPS) is crafted to provide retirees with a steady financial foundation. It combines market-linked returns with appealing tax benefits under Section 80CCD. With two account types and a streamlined online platform, NPS simplifies retirement planning while ensuring long-term wealth growth.
Sensex down over 12,700 points from peak. What strategy should mutual fund investors follow?
With the Sensex down over 12,700 points from its peak, experts recommend long-term investors to focus on large caps or multi-cap funds and maintain a disciplined approach through SIP or STP. Investment in equity-based mutual funds should have a minimum horizon of four years.
Coal India shares fall over 3% after decline in February production
Coal India share price: The cumulative coal dispatch during the April-February period rose to 929.41 MT, registering a growth of 5.5% from 880.92 MT produced in the corresponding period of previous year, the ministry said.
Coal India waives financial coverage charge for non-power sector consumers
Coal India Ltd has waived the requirement for non-power sector consumers to pay financial coverage for ten days' worth of coal supplied via rail transport. This initiative reduces transactional complexities and financial burden, improving cash liquidity and further streamlining coal supply operations in line with the ease of doing business efforts.
- Go To Page 1
Money deadlines in March 2025: From special FD deadline to UAN activation
Key financial tasks must be completed before March 31, 2025, to optimize tax savings, invest in special FDs, and activate UAN for EPF-linked insurance. Special FD schemes from banks like SBI and Indian Bank offer higher interest rates, and these opportunities should be seized before their deadlines.
Gratuity calculation in CTC: How is gratuity calculated as a portion of employee's CTC in offer letter; Check formula
Gratuity calculation in CTC: Gratuity is paid when an employee leaves the organisation after completing a minimum service period of five years. When an employee joins a new company, the gratuity is added to the CTC. However, not many are aware how this gratuity amount is calculated in the offer letter.
EPFO employees can now shift from National Pension System (NPS) to Unified Pension Scheme (UPS)
The 112th meeting of the executive committee (EC) of the central board of trustees, EPF under labour and employment secretary Sumita Dawra on Tuesday formally adopted the unified pension scheme (UPS) for EPFO employees. The UPS is expected to ensure financial security post-retirement, offering a minimum guaranteed pension along with additional benefits such as family pension provisions and dearness relief adjustments, the ministry of labour and employment said in a statement issued on Wednesday.
How to pay zero tax in new tax regime: 2 deductions salaried taxpayers can claim to reduce taxable income to Rs 12 lakh
The new tax regime allows a salaried individual to claim a standard deduction of Rs 75,000 from the salary income. There is no hike in the standard deduction limit in the Budget 2025.
Have a CTC of over Rs 17 lakh? You can still pay zero tax just by rejigging your salary structure: Here's how
Salary structure to pay zero tax: If your taxable income is more than Rs 12 lakh, there are ways that you can still pay zero tax. This can be done by rejigging your salary structure and using reimbursements that are allowed under the new tax regime. Know four reimbursements and allowances that can help you reduce your taxable income.
New NPS frauds lure subscribers with higher returns, complete withdrawal of NPS corpus and more; PFRDA cautions public
Pension related frauds: Pension Fund Regulatory and Development Authority (PFRDA) through a public notice has cautioned the general public about various types of frauds ongoing in their name like complete withdrawal, higher returns, etc. "Unscrupulous individuals/entities are duping the general public by offering fraudulent schemes in the name of PFRDA/NPS/APY."
Have income tax slabs for FY 2025-26 in new, old tax regime changed in new Income Tax Bill?
New income tax bill: The new Income Tax Bill will replace the current Income Tax Act, once it becomes effective from April 1, 2026. However, many taxpayers are worried that the new tax bill has made any changes in the income tax slabs under old and new tax regimes. Read on to know about it.
ONDC partners list hits and misses as it wraps up second year of operations
ONDC, two years in, faces mixed reactions: some praise its potential to democratise ecommerce, while others cite slow growth, low orders, and challenges in scaling, particularly outside food and beverage categories, despite government backing and minimal advertising.
New tax regime tax calculator: Income Tax dept launches tax calculator to help taxpayers calculate their tax savings
The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to facilitate informed financial decisions with a user-friendly assessment tool.
These central govt pensioners will get a Fixed Medical Allowance: Know the eligibility and other rules to avail benefits
FMA is a monthly allowance given to retired central government pensioners to cover their outpatient medical expenses if they live in areas not covered by the Central Government Health Scheme
These Sec 80C options can be good investments even without tax breaks in new tax regime
Though these deductions find no place in the new tax regime, here’s why some investments still deserve a place in your portfolio.
Ulip tax, updated ITR, NPS Vatsalya and other Budget 2025 personal finance changes that can impact you
Budget 2025 has brought about changes to Ulips, tax on NPS Vatsalaya and for filing of updated income tax returns. Read our story to know how these changes will affect taxpayers.
Who should switch to new tax regime and who should stay with the old? Here's the maths after Budget 2025
Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, for salary income of Rs 15 lakh you need to claim at least Rs 5,93,750 as tax deductions so as to achieve equalisation level of tax with new tax regime. If you claim more deductions beyond this equalisation point you will save more tax in old tax regime than new.
The rise of retail investors: Democratizing India's financial markets
Retail Investors: Sebi requires companies to disclose essential information for informed investor decisions. Financial institutions enhance confidence through transparency, sharing details on fees, risks, and performance. Clear communication about investment risks helps investors align choices with their risk tolerance, ensuring better decision-making.
Will you pay Rs 61,500 as income tax on Rs 12.10 lakh income? Know how marginal relief comes into play
Marginal tax relief for Rs 12 lakh: Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be taxpayers whose taxable income exceeds Rs 12 lakh, even after claiming all the eligible deductions. Will they have to pay higher tax?
NPS charges revised by PFRDA: Know the latest charges applicable for NPS, NPS-Lite, NPS Vatsalya
The Pension Fund Regulatory and Development Authority (PFRDA) has announced the latest charges for opening National Pension Account (NPS) online and offline. Note that the charges for services under the NPS-Vatsalya account align with those of the NPS-All Citizen model. The service charge will be effective from January 31, 2025.
New income tax slabs for FY 2025-26: 30% tax now starts at Rs 24 lakh, income up to Rs 20 lakh to be taxed at 20% in Budget 2025
Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to taxpayers. Read this story to understand the income tax slabs proposed for the upcoming financial year 2025-26 and the current financial year 2024-25.
Budget 2025 exempts withdrawals from NSS a/cs up to August 29, 2024 from tax
Finance Minister Nirmala Sitharaman proposed exemptions for withdrawals from the National Savings Scheme (NSS) post-August 2024, with digitalized processes in place by 2026.
NPS Vatsalya tax benefits: FM proposes to cover NPS Vatsalya under 80CCD(1B) tax break
Finance Minister Nirmala Sitharaman announced that NPS Vatsalaya subscribers would receive the same tax benefits under Section 80CCD(1B) as regular NPS subscribers. NPS Vatsalya is a pension scheme for minor children aimed at developing early saving habits for retirement. The proposal is pending parliamentary approval.
Will 'Lakshmi' bless taxpayers? High expectations of income tax relief for poor, middle class in Budget 2025 today
Income tax expectations: The Union Budget 2025 will be presented today by finance minsiter in Parliament at 11 AM. There is an expecation among salaried taxpayers and middle class for income tax relief in the form of income tax rate cuts, income tax slabs. Will Maa Lakshmi bless taxpayers today as PM Modi hinted yesterday.
New 25% tax rate for middle class, no tax on income up to Rs 8 lakh expected in Budget 2025
The Government's endeavour has been to promote the new tax regime, and personal tax changes in the last few Budgets have been made only for the individuals opting for new tax regime. Almost 72% of taxpayers opted for the new tax regime while filing tax returns for fiscal year 2023-24.
Will the government announce any tax benefits in NPS Vatsalya in Union Budget 2025?
Union Budget 2025: NPS Vatsalya is an initiative aimed at helping parents plan for their children's financial security. However, there is no clarity on tax benefits on investments under the new scheme. With Budget 2025 just around the corner, will the government announce any tax benefits to incentivise parents to invest in NPS Vatsalya?
Load More
