NPS WITHDRAWAL RULES
When can you prematurely withdraw from EPF?
You may make early withdrawals from your EPF under certain scenarios. If at all there is an emergency and you need the funds, here is all you need to know about the specific conditions when you can withdraw from your PF.
Retirement planning: How to maximise returns from EPF, NPS investments
In the dynamic retirement landscape, EPF and NPS are critical pillars ...
ELSS, PPF, NPS, ULIP: which is the best option to save taxes under Section 80C?
We have compiled the features of these investment options - b...
Maharashtra Energy Regulatory Commission withdraws compulsory gross metering for solar power
The measure was one of the alleged provisions in the draft regulations that did not find any place in the final regulations declared by the regulatory body
Opposition-ruled states set to junk NPR exercise
The meeting decided to observe January 23, the birth anniversary of Subhash Chandra Bose, Republic Day and January 30, the martyrdom day of Mahatma Gandhi, as ‘defence of Indian Constitution days’.
NPS partial withdrawal rules and how it is taxed
NPS offers two types of accounts for an individual - Tier-I and Tier -II. It is mandatory to open a Tier-1 account to invest in NPS. However, there are certain conditions that must be met to make partial withdrawals from a Tier-1 account.
How to open NPS Tier II account
To open a Tier II account, it is mandatory to have a permanent retirement account number (PRAN) and an active Tier I NPS account. Here is all the other paperwork involved and the documents needed for the process.
TDS to be deducted on annuity payable to Overseas Citizens of India, NRI NPS subscribers
Based on a clarification received from IRDAI, it is hereby clarified that annuity payable by ASPs NRIs and OCIs will be taxed at source, at rates applicable as per the DTAA of the country where the annuitant resided.
Best tax-saving options: Ranking of the top 10 instruments
ET assessed 10 tax-saving instruments on 8 parameters. Find out how the different options scored this year.
PFRDA wants government to double tax benefit under NPS to Rs 1 lakh
The Pension Fund Regulatory and Development Authority of India (PFRDA) has also urged the government to extend the facility of of tax free contribution of 14 per cent by the central government to its employees under the NPS to all categories of subscribers.
PPF scheme 2019: Loan against PPF account at 1% and other changes you need to know
The government via a notification dated December 12, 2019, has replaced the PPF scheme 1968 with the PPF scheme 2019. Though major features have been kept unchanged, a few small tweaks have been made in the scheme which you should know about.
Tax optimiser: NPS, health insurance cover can help Rathore cut tax
You can optimise tax by rejigging your income and investments. In this taxpayer's case, there is scope for further tax reduction if he makes use of all the deductions available. For instance, he should invest in NPS on his own too.
PFRDA may become regulator for all pension products
The Finance Ministry and board of regulators have given an in-principle nod to the proposal. Once the PFRDA Act is amended, it could give powers to the regulator to manage the handling of NPS trust to the government.
Facing a mid-life financial crisis? Here are 6 ways to get out of it
6 remedies for mid-lifers who are stuck in a financial quagmire, and how to avoid it in the first place.
New valuation norms to make debt investments under NPS safer
As per the circular, when new security is purchased for which market price is not available on the same day, then such a security will be valued on the basis of scrip level price/ scrip level yield at which the securities are purchased.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service