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NPS is a quasi-EET instrument in India where 40% of the corpus escapes tax at maturity, while 60% of the corpus is taxable. [7] [8] [9] Of the 60% taxable corpus, 40% is tax-exempt as it has to be compulsorily used to purchase an annuity. [10] The annuity income will be taxed, though.
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India.
Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence. The process of retirement planning aims to: [1] Assess readiness-to-retire given a desired retirement age and lifestyle, i.e., whether one has enough money to retire
A better approach is to use their general recommendations as a guideline, and then customize the one that makes the most sense for your financial means and your lifestyle. 1. $1 Million
SEBI has to be responsive to the needs of three groups, which constitute the market: issuers of securities; investors; market intermediaries; SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in ...
Since pension is both a reward for continuous service till the formal age of retirement as well as a form social security in old age, India favored a restructured pension ensuring a balance between retirement benefit of the government employees and the financial burden on the economy by moving from DB scheme to DC scheme.
The start of a new year is a great time to re-evaluate your retirement status in terms of learning a new hobby. The first month of a new year is an opportunity to review your portfolio and ensure ...
WASHINGTON (Reuters) -A massive winter storm moving across the United States will not keep the U.S. Congress from meeting on Monday to formally certify Republican Donald Trump's election as ...