National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
The withdrawal can also be done online. For this, one must have an activated Universal Account Number (UAN), the Aadhaar should be verified and linked with the UAN and the bank account with IFSC Code should be seeded with UAN.
The coronavirus-led stock market crash or the sharp drop in equity market has dented its corpus.
Borrowers should remember that moratorium is not the waiver of the loan. It is only a grace period.
Missing two instalments could extend your loan by 6-10 months.
Budget 2020 had proposed an alternate income tax structure, which has come into effect fro April 1, 2020. Find out whether you will benefit or not.
Anyone claiming tax exemptions of more than Rs 2.5 lakh in a year will not gain from the new structure.
Salaried taxpayers who opt for the new regime will have to forgo the standard deduction as well as exemptions under chapter VI-A, including HRA, investments under 80C, medical insurance premium, even LTA.
ET assessed 10 tax-saving instruments on 8 parameters. Find out how the different options scored this year.
Weakness in economy caught most companies off guard, it is feared that expected earnings recovery may get postponed. However, the stock market may still remain firm and hopeful. Some experts believe that the economic situation will improve in 2020.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon