National Pension System (NPS)- Scheme Features

NPS, National Pension System, PFRDA, Tier I, Tier II, PoP, corpus, annuity, pension, Point of Presence, PRAN, Permanent Retirement Account Number, NSDL-CRA, CRA, Central Recordkeeping Agency, section 80CCD, superannuation, exit
National Pension System (NPS) is a pension cum investment scheme promoted by the Government of India to ensure retirement income to its citizens. NPS was launched on January 1, 2004 with the main objective of providing old
26 Oct 18 Author CategoryInsurance Schemes Tax Savers One Comment Read More

Deductions under Section 80 CCD – NPS

Section 80CCD, NPS, New Pension Scheme, Rs.50000 , Rs 150000, 80CCD(1), 80CCD(1B), 80CCC, 80C, IT Act, 1961, income tax, income, deduction
Section 80 CCD of IT Act,1961  provides for deduction in respect of contributions made by  1.    an employee  and /or 2.    employer  to the New Pension Scheme (NPS) during a Financial Year, as follows: a.    Employer’s contribution
9 Dec 16 Author CategoryPersonal Income Tax No Comment Read More

Investment By Women – Thoughts On International Women’s Day

Investment By Women, mutual fund, ELSS, NPS, NSC, SB account, bank deposit, power of women, IWD, International Women’s Day, SB account for women, mutual fund, saver, investor, investment pattern , woman, women, investment
The power of women and potential of investment by women in India are under utilised.  Among 130 countries, India ranks 120 in female labour force participation rate.  Contribution of women towards GDP is just 17%, less than
7 Mar 19 Author CategoryIndian Economy Investment Guide No Comment Read More

Why Should An Earning Woman Invest?

Earning woman, financial independence, life goal, retirement corpus, emergency fund, exigencies, better investor, women, investment
India is a multifaceted country and since times immemorial, women in the country preferred to remain confined to home. It was never a choice; rather the social circumstances compelled them to remain indoors.  The society as a
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Banking Functions and Economic Importance of Banks

Banking function, definition, objective, functions, economy, importance, saving, credit, financial inclusion, industry, agriculture, employment, Bank, Banking
Bank is a financial institution that facilitates transfer of money from one person or business to another person or business. Basically it is an institution for keeping, lending, transferring and exchanging money. Banks lend money that they
9 Feb 19 Author CategoryBanking Terms Indian Economy No Comment Read More

Set Investment Goals After Assessment 

Investment goal, assessment, self, instrument, investment, risk bearing, age, time horizon, lumpsum, recurring, ELSS,NPS, Provident fund, PPS, housing loan, interest, equity, mutual fund
Investment Goals All investments are made with certain purpose or goals. Investment goals are aligned with financial milestones like marriage, education of children, retirement of self etc. Investment instruments are tools that generate good returns over a
30 Dec 18 Author CategoryInvestment Guide No Comment Read More

Solution Oriented Mutual Fund Scheme- Features and Characteristics

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A Solution Oriented Mutual Fund scheme focuses on supporting an investor to meet a long term goal. As per the revised norms issued by Securities and Exchange Board of India (SEBI), AMCs are permitted to offer schemes
20 Jun 18 Author CategoryMutual Fund Quick Reference No Comment Read More

Basics of investing 

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Investing is an art. It is all about taking cautious risk to generate steady rewards. The basic principle of investment is that the asset selected should match the risk bearing capability of the investor. The investment should
3 May 18 Author CategoryInvestment Guide No Comment Read More

Rates of Income Tax – Financial Year 2017-18 (Assessment Year 2018-19)

Rules of Income Tax Act are subjected to periodical revisions. Accordingly, the rates of income tax also undergo periodical changes. Different tax rates have been stipulated for various categories of taxpayers and for different sources of income.
2 Oct 17 Author CategoryPersonal Income Tax No Comment Read More

Investments – Section 80 C of Income Tax Act, 1961

Section 80 C, investments, PF, VPF, NSC, SCSS, expenditure, eligible, Rs.1,50,000, Life Insurance Premium, Tuition fee, NPS, ELSS, 80 C, 80 CCC and 80 CCD (1), IT act, 1961, payment
Section 80 C of Income Tax Act, 1961 specifies qualifying investments/ payments eligible to be considered for deduction from gross income. Main among them are contributions/ investments in: Provident Fund account (PF account) Voluntary Contribution to PF
7 Dec 16 Author CategoryPersonal Income Tax No Comment Read More