Even though NPS is a product designed exclusively for retirement planning, what attracts most people to NPS is Rs 50,000 extra tax benefit it offers via deduction. As per the current tax rules (2019-20), there is an additional Rs 50,000 tax deduction available under Section 80CCD (1B) ...
The Union Budget 2015 gave a big push to the NPS by creating a Rs 50,000 tax break that can be utilised only by investing in the NPS. Let’s compare the equity returns with NPS returns. Equity Fund returns as on 1 Jan 2020 in various categories are given below Equity Mutual Fund ret...
Mutual fund pension schemes besides providing tax benefit under section 80C of IT Act, also have the potentiality of providing superior market linked returns. However, an additional tax incentive for investing in NPS (upto Rs.50000/-) under section 80CCD(1) in Budget -2015 has evinced much ...
The employee has a choice as to which section ,80CCD(1) or 80CCD(1B), he wants to show his contribution. Ideally he should show Rs 50,000 investment in NPS u/s 80CCD(1B). The tax deduction on rest Rs 12,000 can be claimed u/s 80CCD(1). The section 80CCD(1) along with ...
Production Capacity 50000 Tons/Year Product Description 99.99% Cu-ETP EU Cw004A Pure Copper Rod ASTM AISI JIS En C11000 C10200 C12000 C12200 Copper Bar Product Description Main features: high strength, good plasticity, good cutting machinability, easy...
EPF cannot be transferred to NPS The National Pension System (NPS) will NOT be an alternative to the Employees’ Provident Fund (EPF),as the government is set to junk its much-talked-about plan to put in place EPF account portability with NPS. As per the decision in Dec 2019. ...