Manage PaisaTax Related Posts
The GOI has announced a new tax regime in the annual Budget, leaving the option to each tax payer to continue with the old regime if it suits her/him. Recently there has been some communication from ministries/departments to their respective employees to intimate their choice of option for the current FY. The salaried employees also […]
In another discussion on “Are You Organized for Investing”, we talked about opening a Public Provident Fund (PPF) account. PPF is open to all citizens without any age limit, meaning that both adults and minors can open it. It makes great sense to open an account each for self, spouse and children. While one might […]
The National Pension System (NPS) is GOIs Defined Contribution Pension Scheme and all Indian Citizens (including service personnel) can subscribe to it. One can open NPS Tier 1 Account which carries significant tax benefits, and an additional Tier II account which has relatively no withdrawal restrictions, but does not provide any tax benefits. One needs […]