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?

User Intent Users searching for this topic want to understand whether Provident Fund (PF) qualifies for tax benefits under Section 80C of the Income Tax Act, 1961. They are likely looking for clear explanations, benefits, limitations, and a comparative analysis with other tax-saving options. Introduction Tax planning is an essential part of financial management.… Read More »

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

Introduction Saving for retirement is a crucial financial goal, and the Indian government provides various tax-saving options to encourage individuals to plan for their future. Two of the most popular pension schemes in India are the National Pension System (NPS) and the Employees’ Provident Fund (EPF). Under Section 80C of the Income Tax Act, individuals… 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 NPS?

Introduction The government introduced the National Pension Scheme (NPS) in 2004 to provide long-term financial security to individuals after retirement. Initially, the government made the scheme available to government employees, but in 2009, it extended it to the general public. The scheme enables individuals to contribute to their retirement corpus during their working years, ensuring… Read More »

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