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PARTIAL WITHDRAWAL FROM NPS
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 ...
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...
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.
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.
Partial revival of export sops cheers spice traders
India exports around Rs 18,000 crore worth of spices every year.
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.
Pension commutation under EPFO from Jan 1
The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of trustees and will benefit around 630,000 pensioners.
Nokia, Ericsson, ZTE, UTStarcom receive part of their outstanding from BSNL
BSNL has paid the outstanding dues worth Rs 150 crore each to Nokia and ZTE, according to a source. BSNL is also set to release Rs 22 crore to Swedish Ericsson and Rs 50 crore to UTStarcom through circle offices towards supplies for the Phase-V GSM expansion initiative.
You could soon get the option to lower your EPF contribution. Should you go for it?
Financial planners say reducing contribution to the EPF will have far reaching implications for the employee.
EPS-NPS switch shelved as trade unions object
Minutes of the meeting are yet to be issued, which will have to be approved by the secretary before the government’s stand becomes official. The government had in the Union Budget 2015-16 gave option to EPFO subscribers to opt for NPS. The move triggered massive protests from trade unions.
NPS pension benefits are not same for voluntary and normal retirement
When a person retires earlier, it is normally expected that his/her post-retirement life would be longer (unless one takes up a second career). Consequently, the person would be expected to need more money to sustain post-retirement.
Now, Overseas Citizens of India can invest in NPS
Up until now OCIs could not invest in the National Pension System or NPS. PFRDA, through a circular issued on October 29, has said that OCIs can now invest in NPS tier 1 accounts. This is good news as NPS offers various tax benefits.
Budget 2019 makes lump sum withdrawal of 60% from NPS totally tax free
As per the changes approved by the Cabinet, a person on maturity at the age of 60 would be able to withdraw up to 60 percent of the corpus without payment of tax.
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