Tag: tax benefits
-
Understanding the Public Provident Fund (PPF) and Its Calculator
The Public Provident Fund (PPF) is a long-term investment scheme established by the Government of India in 1968. Designed to encourage savings among the general public, the PPF offers individuals an opportunity to build a secure financial future through a government-backed savings instrument. Key Features of the PPF Scheme Benefits of the PPF PPF Calculator:…
-
Understanding HRA: Simplifying Your House Rent Allowance Exemption
In today’s world, many salaried individuals live in rented accommodations. If you’re one of them, you might be aware of the House Rent Allowance (HRA) provided by your employer. However, understanding how much of your HRA is exempt from tax can be complex. That’s where the HRA calculator comes in! In this blog post, we’ll…
-
NPS for Government Employees: A Comprehensive Overview
The National Pension System (NPS) is a contributory pension scheme designed to provide retirement benefits to employees in India. Under this system, contributions from subscribers, along with matching contributions from the government as the employer, are collected and accumulated in individual pension accounts. Key Features of NPS for Government Employees NPS employs a structured approach…
-
A Complete Guide to the National Pension System (NPS)
The National Pension System (NPS) is a government-backed retirement savings scheme in India designed to provide individuals with a secure financial future. This guide covers everything you need to know about NPS, from its features and benefits to investment options and grievance redressal mechanisms. What is NPS? The NPS is a voluntary, defined contribution retirement…