The Indian government has announced a significant increase in pension for retired Central Government employees. The proposal includes a range of increases from 20 to 100 percent based on the age of the pensioners. Here are the details: The increase applies to retired employees under the old pension scheme who have completed 20 years of … Read more
The government is implementing various schemes to support people from all sections of the country, particularly those in the unorganized sector. One such scheme is the Pradhan Mantri Shrama Yogi Mandhan Yojana (PMSYM), which aims to provide financial assistance to workers in the unorganized sector. The scheme offers a fixed pension of Rs. 3,000 per … Read more
Employees are expected to receive good news soon, as a proposal to raise the Provident Fund account contribution from Rs. 15,000 to Rs. 21,000 has reached the Union Finance Ministry. This long-demanded proposal is likely to be positively considered. If it is approved, the maximum pension for employees working in the organized sector will be … Read more
Planning for a comfortable and financially secure retirement is essential for everyone. The National Pension System (NPS), a government-backed retirement savings scheme in India, offers a reliable way to save for your golden years. But how can you estimate your future pension? This article will guide you through using the NPS Pension Calculator on the … Read more
The Central Government has released a New Single Simplified Pension Application form, Form 6A, for retiring employees. The new form is a significant step towards the government’s vision of “Maximum Governance—Minimum Government.” It aims to simplify and streamline the pension process, making it more efficient and user-friendly for retired employees. It merges the previous nine … Read more
Investing earned money appropriately can ensure a lifetime of financial stability. There are specialized saving plans to secure your future. Financial planning is crucial at all stages of life, even after the age of 60, when earning potential decreases. LIC offers an attractive plan to address this need. Having sufficient funds is crucial for a … Read more
If you are employed in a government or private organization, a certain amount of your salary is deducted monthly to contribute to the Employees’ Provident Fund (EPF). By contributing continuously for 10 years, you secure your future and become eligible for a pension from the Employees’ Provident Fund Organization (EPFO) after retirement, ensuring a financially … Read more
Get your Telangana Pensioners Pension Statement online. Know how to download, required documents, and importance. Plan your finances with your pension details. As a pensioner in Telangana, your pension statement is a vital document that contains essential information about your pension and tax deductions. What is Telangana Pensioner Pension Statement? The pension statement is a … Read more
If you want your wife to receive a pension of 45,000 rupees every month after she turns 60, you can start depositing 5000 in her name in the National Pension System (NPS) scheme. The NPS is a voluntary, long-term retirement savings scheme designed to enable systematic savings during your working life. This can ensure a … Read more
Tax cuts on employees’ salaries are influenced by their income, tax slabs, and the tax regime they choose to follow (either old or new). The old tax regime, a familiar and trusted system, allows for deductions and exemptions, such as House Rent Allowance (HRA) under Section 80C, alongside various investment options. This regime empowers taxpayers … Read more