Daily Latest News
Retirement Planning: Inflation rises, and with that increase your expenses. The food you eat, groceries you buy, medicines you take, or fuel you fill in your car become costlier with time. What an Rs 10,000 amount can buy for you today may get you half of that quantity in years to come. The same rule…
The Public Provident Fund (PPF) is a government-backed investment scheme, making it a secure option for investors. With returns assured by the Government of India, PPF provides a reliable investment avenue. Note that a PPF account can be held in the name of only one individual. Plus, PPF enjoys Exempt-Exempt-Exempt (EEE) tax status. This means…
EPF+NPS Retirement Corpus: Private sector employees can contribute to Employees’ Provident Fund (EPF) and National Pension System (NPS) to generate a retirement corpus and get a monthly pension. If you utilise these opportunities to a good investment limit, you may generate a combined corpus of Rs 8.33 crore by 60 years of age. Not just…
NPS was introduced by the Central Government to help individuals have income in the form of a pension to take care of their retirement needs. The National Pension System scheme is structured into two tiers, Tier 1 and Tier 2. Talking about Tier 1: This is the permanent retirement account into which the regular contributions…
PPF is a government-backed plan with a lock-in period of 15 years. After 15 years, you can either withdraw the entire generated value or extend the account for another 5-year block. A Public Provident Fund allows a deposit of Rs 1.5 lakh annually that can help you save tax. Yet another reason why people are…
Investing in a Public Provident Fund (PPF) account offers attractive tax benefits. Contributions up to Rs 1.5 lakh in a year are eligible for tax deductions under Section 80C. Plus, the interest earned on your investment and the corpus are completely tax-free.PPF is a government-backed scheme in India that is currently offering an annualized return…
Monthly Income From Mutual Fund Lump Sum: Mutual funds invest in equity, assets, and commodities. Such funds can be equity, hybrid, or debt. Investors use them to diversify their portfolio, create a corpus for retirement, and other financial goals. An investor may invest in one or many mutual funds to create a retirement corpus. They…
PPF Calculations: Public Provident Fund (PPF) is a long-term small savings scheme often used for retirement corpus building. But if one invests regularly in the fixed income scheme for a long term, they can draw a substantial monthly income from the scheme. They can also build a corpus that they can use themselves or pass…