NPS Tax Benefits 2019- Under Sections 80 CCD(1), 80 CCD(2) and 80 CCD(1B).
NPS tax benefits changed in Budget 2019. Do you know about the changes done to 80 CCD(1), 80 CCD(2) and 80 CCD(1B) sections? I already wrote a post about EEE exemption of NPS maturity at retirement. Click here to read. But I felt a separate article needed to explain NPS Tax benefits under Budget 2019. Read article about what is NPS? How to join in it?. Click here to read. Earlier NPS has EET tax status. That means when you invest tax exempted, on the return of NPS also tax exemption, But when you withdraw 60% NPS at the time …
ULIP- Why they are bad to invest even they are tax free?
ULIP is not good to invest even the maturity is tax-free. People now think Unit Linked Insurance plan is better as equity mutual funds have capital gain tax. But these people are wrong. In Budget 2018, Government of India re introduced capital gain tax on equity mutual funds. Now, you have to pay tax if your withdrawn profit from equity mutual funds is more than 1 lakh, then you have to pay 10% as capital gain tax on the over and above 1 lakh profit. But, at the same tax benefit on Unit Linked Insurance Plan Maturity is kept tax free …
Difference between Tier 1 and Tier 2 account of the new pension scheme(NPS).
Tier 1 and Tier 2 both options exist in National Pension System (NPS), But many Government Employees do not know about Tier 2 account. They know only about default account which Tier 1 account. Government of India launched NPS to provid retirement corpus to Indian Citizens. This scheme is regulated by PFRDA( Pension fund Regulatory Development Authority of India). All citizens of India including Non -Resident Indians are eligible to invest in this scheme. However, existing NPS subscribers and people who do not have sound mind are not allowed to enter into this scheme. Hence, One person can have one …
All you should know about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyothi Bima Yojana details explained in this article. Prime Minister Narendra Modi launched these two schemes. Read about Atal Pension Yojana also. Our Prime Minister of India launched two schemes on 9th May 2015. These two schemes are not helpful to rich people. However, these two schemes will definitely helpful to others. One of these two schemes is a Life Insurance policy called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another one is, Accidental Insurance policy called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let’s the features of both these schemes. Pradhan Mantri …
Atal Pension Yojana – APY Scheme Eligibility & Benefits Explained
Atal Pension Yojana – APY Scheme Eligibility & Benefits Explained in this article. This scheme is launched on 9th May 2015. This scheme launched along with Pradhan Mantri Jeevan Jyothi Bhima Yojana (PMJJBY) and Pradhan Mantri Bhima Surakha Bhima Yojana (PMSBY). Latest Updates ( as on 20th August 2015)-Government modified some rules of APY. They are as given below Now instead of only monthly payment option, the subscribers can invest like monthly, quarterly, half-yearly or yearly modes. The account will not be deactivated and closed till the account balance with self-contributions minus the government co-contributions become zero due to deduction …
Pradhan Mantri Shram Yogi Maan-Dhan Features and Eligibility Explained.
Pradhan Mantri Shram Yogi-Maan Dhan will be launched on 15th February, 2019. Lets know the features The subscribers of this pension scheme will get an assured pension of Rs.3,000 from age 60. Would you like to invest in shares (Stocks) with the help of RSI Technical Indicator easily, then click this link to know more. Eligibility for Pradhan Mantri Shram Yogi Maan-Dhan pension Scheme… The following category people are eligible for pension scheme… Monthly income should be less than or equal to Rs.15,000. Age must be between 18 years to 40 years. They should not be covered under the Employee …
Investment Adviser- Do you think that he gives only Investment Advice?
Investment Adviser means he gives only Investment Advice. This is the perception among most people. But the truth is He gives advice beyond investments. What Most People think about Investment Adviser… When some body asks me about my occupation. I will tell them that I am a SEBI Registered Investment Adviser. But Most People immediately will ask me this question frequently i.e are you Insurance Agent or Mutual Fund Agent etc. Some People thinks that they have to meet Investment Advisers when they have money in the hand to invest. But the thinking of above category of people is completely …
BUDGET 2019 8 CHANGES- You should know these highlights…
8 changes in Budget 2019 are very important to us to know. The Highlights are explained below. 1. The Main Change out of 8 changes is in Income tax slab rates… Your tax liability is zero if your taxable income is 5 lakh. However income tax slab not changed in 2019 Budget. Latest Income TAx Slab Rates for F.Y 2019-2020 (A.Y – 2020-2021) (www.paisahealth.in) Income Slabin (Rs.) INDIVIDUAL BELOW 60 years age Senior Citizen age 60 yr and below 80 yrs. Super Senior Citizens age above 80 yrs and above Up to 2,50,000 0 0 0 2,50,001 to3,00,000 5% 0 …
Different Types of Loans In India-When to take them?
There are different types of loans available in India. But when to use them is not know to many of us. In the article, I will give information about the different loan options available and their features 1.Home Loans( Housing Loan)… Most of us want to have a own house. But Many of us do not have all funds which are required to buy a house. Here, a Home Loan can help us to buy a home which we can afford. We have to pay E.M.I every month in this kind of loan for 10 to 30 years. Again, there …
National Pension System (NPS)- What is it? How to join in it?
National Pension System (NPS) has been launched by the Government of India to provide corpus at the time of retirement. Read the article about new NPS tax rules beneficial to you?. Click here to read. As I respect the Indian Army, I would like to give a piece of valuable information to them. On February, 2019, 40 Indian Soldiers were killed by Millitants. Their souls should rest piece. Some of you know that I am Certified Financial Planner and Sebi Registered Investment Adviser. Sanjeev Govilla( Ex. Army is also a Sebi Registered Investment Adviser like me. Soldiers may feel comfortable …
