Benefits of Tax Planning Benefits of tax planning, Tax planning offers substantial benefits that can vary depending on individual circumstances, leading to a diverse range of potential advantages. Here are some commonly observed benefits of engaging in tax planning: Reduced Tax Liability: One of the main benefits of tax planning is the ability to… Read More »
User Intent Users searching for “What is tax planning effective?” likely want to understand how tax planning can be implemented effectively to minimize liabilities and maximize savings. They may be business owners, profession als, or individuals looking to optimize their financial strategies legally and ethically. Introduction Tax planning is an essential financial strategy that… Read More »
User Intent Users searching for this topic want to know whether they can pre-close their National Pension System (NPS) account before maturity. They seek clarity on the process, eligibility, benefits, and limitations of pre-closing an NPS account. Introduction The National Pension System (NPS) is a government-backed retirement savings scheme designed to provide financial security… Read More »
How do I find out my UAN number from my PAN The UAN (Universal Account Number) is a unique identification number assigned by the Employees’ Provident Fund Organization (EPFO) of India exclusively to each account holder. If your UAN is not linked to your PAN in any way. Therefore, you cannot find out your UAN… Read More »
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 »
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 »
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 »
