Leveraging these tax-saving avenues not only secures your finances but also aligns with smart financial planning practices.
Senior citizens of the country are mostly dependent on bank fixed deposits for regular income. Nowadays they are facing hard times due to declining in
Learn how to make a solid retirement plan from Pratiba Girish, Co-Founder, Finwise Personal Finance at Money9 Helpline.
The government offers two popular pension schemes National Pension System (NPS) and Atal Pension Yojana (APY).
The entire maturity sum can be withdrawn from EPF account on maturity. In NPS, it is mandatory for 40% of the matured amount be invested in annuities
Both NPS and ULIP feature among the most popular tax-saving options.
Currently, NPS returns vary from one person to another depending on the investment pattern and market sentiments
One can open a pension account in the National Pension System (NPS) with just Rs 1000.
NPS is a voluntary social security benefit that allows subscribers to invest in schemes managed by pension fund houses
There is no maximum limit of monthly contribution, but ideally monthly NPS contribution should not cross 10% of the salary, said experts