FM urged to hike section 80C, family pension tax breaks in Budget 2020
Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.
India’s SWF gets ready to launch non-bank lender
NIIF already counts CPPIB, Abu Dhabi Investment Authority, AustralianSuper, Ontario Teachers...
Which is the best tax saving option under Section 80C?
There is no universal best tax-saving option. The best tax-saving investment for you w...
'Coal companies must make extra voluntary contribution to staff pension fund'
Coal Mines Provident Fund Organisation commissioner Animesh Bharti told ET: “Following a recent resolution by the trustee board of the CMPFO, coal companies will soon be asked to make voluntary contribution of Rs 10 per tonne of coal produced.
Uttarakhand government mulls introducing pension scheme for acid attack survivors
There are ten acid attack survivors in Uttarakhand who live in Haridwar, Nainital and Udham Singh Nagar districts.
Army plans special pensions for 1965, 1971 war veterans: Indian Army chief General Naravane
"Some proposals have been sent to the Defence Ministry by Army Headquarters after due consideration which includes that the emergency Commissioned and Short Service Commission officers who took part in 1965 and 1971 war, should be given pension-like 'Swatantra SenSamman Pension Scheme'," Army chief said.
ELSS, PPF, NPS, ULIP: which is the best option to save taxes under Section 80C?
We have compiled the features of these investment options - both the qualitative and quantitative data - that would help you to compare and find the best tax-saving option for you.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
National Pension Scheme for traders fails to gain traction
As per government data, only 84 traders and self-employed persons from Delhi have registered for the scheme so far, while 59 persons from Kerala, 54 from Himachal Pradesh, 29 from Jammu and Kashmir and two from Goa have registered. No one has registered for the scheme in Lakshadweep and Mizoram.
What happens to your EPS account when you transfer your EPF account?
According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
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.
SoftBank in talks to sell majority stake in India renewables JV
It is considering various options, ranging from an outright sale of its 70% stake to a majority stake sale.
Pension, sovereign funds bring in more ‘sticky’ money
FPIs’ total AUM at $428b accounts for nearly one-fifth of the total m-cap of Indian equities.
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.
Atal Pension may yield Rs 10,000 a month
The scheme provides minimum guaranteed monthly pension of ₹1,000 to ₹5,000 from the age of 60.
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