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India Business News: The PFRDA pension scheme is encountering hurdles due to the new tax structure, leading to a slowdown in subscriber growth. Recent data shows a 16.3% i ....
Taxpayers should note that the NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961, is the only exemption allowed under both the tax regimes. ....
NPS investment: PFRDA said: “This advisory is in addition to the Cybersecurity and other related guidelines issued by MHA/MEITY and Cert-In and in no way reduces the liability of the officer for any omission or commission in the discharge of their duties.” ....
Various tax-saving investment avenues like PPF, SSY, and NPS require minimum contributions by March 31 to stay active. Failure to do so can lead to penalties and dormant accounts ....
By contributing to a Tier I (retirement) account, investors can secure their retirement foundation, enjoying the benefits of a disciplined savings mechanism and tax advantages, while Tier II (investment account) allows for the management of additional savings with greater flexibility, catering to evolving financial needs and opportunities. ....