Tag Archives: #RetirementSavings

What are the benefits of the Employees’ Provident Fund (EPF) and the Employees’ Pension Scheme (EPS)?

Advantages of EPF and EPS Advantages of EPF and EPS, The Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) are social security schemes designed to provide financial security to employees during retirement or in the event of their unfortunate demise. These schemes offer several benefits, including: Retirement benefits: Upon retirement, employees receive a… Read More »

Does PF fall under the 80C tax deduction?

Tax deduction for PF under 80C Tax deduction for PF under 80C: Absolutely, contributions made by an individual towards the Provident Fund (PF) are eligible for tax deductions under Section 80C of the Income Tax Act. In a financial year, the maximum deduction allowed under Section 80C is Rs. 1.5 lakh, which includes contributions made… Read More »

How much money can we save in a pension scheme (NPS or EPF) under section 80C of the Income Tax Act?

Pension scheme According to section 80C of the Income Tax Act, individuals have the opportunity to save up to Rs. 1.5 lakh in a financial year by investing in Pension scheme like the National Pension System (NPS) or Employee Provident Fund (EPF). This investment amount is eligible for deduction from the individual’s taxable income, effectively… Read More »

How can a financial advisor online help me to achieve my financial goals?

Financial Advisor A financial advisor can help you achieve your financial goals by providing personalized advice and guidance based on your individual needs and circumstances. Here are several ways in which a financial advisor can provide assistance: Several ways of financial advisor are: Developing a comprehensive financial plan: It can work with you to develop… Read More »

How do we make payments under the National Pension Scheme?

Payments under the National Pension Scheme The National Pension System (NPS) is a pension system regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It provides two types of accounts: Tier I and Tier II. To make payments under the National Pension Scheme, follow these steps: 1.Open an NPS account: Visit a Point of… Read More »

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