#lic pension fund scheme

[assuredplus]

What are the common pension plans in India?

In India, there are several institutions and organizations where you can take pension plans. Some popular options include:

Employee Provident Fund Organization (EPFO): This is a government organization that manages the Employees' Provident Fund (EPF), which is a pension scheme for employees in the organized sector. Contributions are made by both the employee and the employer, and the accumulated funds provide retirement benefits.

National Pension System (NPS): The NPS is a voluntary pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is open to all Indian citizens and offers both government and private sector employees the opportunity to contribute towards their retirement savings.

Life Insurance Corporation of India (LIC): LIC is a government-owned insurance company that provides various life insurance and pension plans. They offer pension plans such as LIC's Jeevan Akshay, which provides immediate annuity payments after a lump-sum investment.

Private Insurance Companies: Several private insurance companies in India offer pension plans, including HDFC Life, ICICI Prudential Life Insurance, SBI Life Insurance, and others. These plans typically provide a combination of insurance coverage and retirement benefits.

Banks and Financial Institutions: Many banks and financial institutions in India offer pension plans as part of their product offerings. You can approach banks like State Bank of India (SBI), ICICI Bank, HDFC Bank, or institutions like the Pension Fund Managers appointed by the PFRDA.

When considering a pension plan, it's important to compare the features, benefits, charges, and terms and conditions offered by different providers. It's advisable to consult a financial advisor or do thorough research before making a decision to ensure the plan aligns with your retirement goals and financial needs.

There are several advantages to taking pension plans from insurance companies. Here are the major points mention below:

Guaranteed Income: Insurance companies offer pension plans that provide a guaranteed income stream for life. This means you can rely on a fixed amount of money regularly, which can be essential for maintaining financial stability during retirement.

Long-Term Security: Insurance companies are typically known for their financial stability and long-term viability. By choosing a pension plan from a reputable insurance company, you can have confidence in the security and reliability of your retirement income.

Professional Management: Insurance companies employ financial experts who specialize in managing pension funds. These professionals have the knowledge and experience to make informed investment decisions on your behalf, aiming to maximize returns while minimizing risks.

Risk Mitigation: Insurance companies often offer options to protect your pension income against inflation and market fluctuations. They may provide inflation-adjusted payments or investment strategies designed to preserve the value of your pension fund.

Flexibility: Insurance companies offer various types of pension plans to cater to different needs and preferences. You can choose between options like immediate annuities, deferred annuities, fixed annuities, or variable annuities, depending on your retirement goals and risk tolerance.

Death Benefits: Many insurance companies provide death benefits as part of their pension plans. In the event of your passing, your beneficiaries can receive a lump sum or regular payments, ensuring that your loved ones are financially protected.

Tax Advantages: Depending on the jurisdiction and specific plan, contributions to pension plans may be tax-deductible or eligible for tax-deferred growth. This can provide significant tax advantages, allowing your retirement savings to grow more efficiently.

Simplified Retirement Planning: Choosing a pension plan from an insurance company simplifies your retirement planning. Instead of managing investments and worrying about market fluctuations, you can rely on the insurance company's expertise and focus on enjoying your retirement.

It's important to carefully review the terms and conditions of any pension plan and compare offerings from different insurance companies to ensure you select the plan that best aligns with your financial goals and preferences. Consulting with a financial advisor will get more ideas for this subject and can take decisions accordingly.

[legal-blogs]

The Best Ways to Save Income Tax in India for NRI

Tax planning is one of the most effective ways to reduce taxes you have to pay on income earned during a particular year. Income tax law allows deductions for a variety of investments, savings schemes, and expenditures. Listed below are the major tax deduction schemes in India that can help you save income tax. In accordance with the Income Tax Act, the following options are available for tax savings when you want to go for the NRI tax in India:

Section 80C investments

For NRIs (Non-Resident Indians) and local taxpayers, these are the most popular tax-saving options. The Income Tax Act allows you to deduct up to Rs. 1.5 lakh in a financial year on various investments and expenses.

Investing in 5 year tax-saving FDs can give you a deduction of up to Rs. 1.5 lakh. Fixed deposits, whether domestic or NRO, are taxable in India. Under Section 80C, NRIs can also claim a deduction up to Rs. 1,50,000 on interest earned on NRO fixed deposits. 

An investment in a public provident fund can save you income tax, since it provides a deduction of up to Rs. 1.5 lakh under section 80C. A public provident fund is a government program available at most banks and post offices. PPF accounts generally have a 15-year lock-in period. 

PPF accounts cannot be opened by NRIs, but if you opened the account before becoming an NRI, you can still hold it until maturity.

National Saving Certificate:  The NSC is a fixed income scheme that offers a variety of tax advantages. The current NSC interest rate is 6.8%, compounded yearly. Investments and interest earned under Section 80C are tax deductible. NSC account holders who become NRIs while the account is in operation can continue the account till maturity on a non-repatriable basis.

ELSS Funds: One of the most popular investment options for investors is equity-linked savings schemes (ELSS). An equity-oriented mutual fund invests at least 80% of its assets in equity. ELSS funds can be invested in by both residents and non-residents in India to reduce taxable income. LTCG tax is applied to the returns of such funds at a rate of 10%. The maximum deduction you can claim in a financial year is Rs. 1.5 lakh. NRIs and normal residents alike are eligible for the 80C tax exemption. 

LIC premiums: The premiums for life insurance are tax deductible up to Rs. 1.5 lakh. Deductions are available for ULIP premiums, term insurance premiums, and endowment policy premiums as long as the insurance cover exceeds 10 times the annual premium. 

National Pension System (NPS): NPS is a government-backed retirement fund, and contributions can be deducted up to Rs. 1.5 lakh. Pension contributions can also be made by NRIs.  

Employee provident fund: A contribution to the Employee Provident Fund (EPF) counts towards the Rs. 1.5 lakh limit under Section 80C.

Home loan repayment: Until Rs. 1.5 lakh per year, the principal repayment on a housing loan is tax deductible.

Tax savings schemes other than Section 80C

You can also save on income tax by utilizing various deductions under Section 80 of the IT Act in addition to deductions under Section 80C.

Medical insurance premium: Those who pay premiums for medical insurance under Section 80D can deduct up to Rs. 25,000. Senior citizens can deduct up to Rs. 50,000. Those who pay premiums for themselves as well as their senior citizen parents can claim a combined deduction of up to Rs. 75,000 per year. 

Interest paid on home loan: The interest on a home loan is tax deductible up to Rs. 2 lakh per year under Section 24 of the Income Tax Act. A deduction of up to Rs. 50,000 can also be claimed on home loan interest under Section 80EE. 

Income through NRE account interest: Foreign earnings of NRIs can be deposited in an NRE account in India. NRE savings accounts and fixed deposits earn tax-free interest in India. Non-residents can therefore save on income tax by investing in NRE accounts. 

Charity to notified organizations: Tax deductions are available for charitable donations. Donations to charitable organizations are tax deductible up to a certain amount. You can donate 50% of your donation to NGOs and up to 10% of your adjusted total income to NGOs.  

Thus, you might have now got an idea on the ways to save money when you are paying the NRI tas in India. Ensure you are following the right guidelines and these ways to reduce the tax payment cost. 

FAQs

How is income classified?

There are five main types of income - salary, capital gains, business or self-employment income, residential property income, and other sources.

Is it possible for NRIs to reduce their Indian taxable income?

Residents and NRIs alike can reduce their taxable income in India through a variety of investment schemes:

– Tax-saver NRO FDs

– ELSS Funds

– National Pension System

– NRE accounts

– Home loan repayments

In India, can NRIs invest in mutual funds to save taxes?

Mutual funds in India can reduce NRIs' taxable income in India. Invest in tax-saving mutual funds. There is a tax rebate of up to Rs 1,50,000 available to investors in Equity Linked Savings Schemes (ELSS).

In addition to 80C, what other deductions are allowed?

There are some other provisions that allow tax deductions besides Section 80C:

Section 24: Interest paid on home loans may be deducted up to Rs. 2 lakh.

Sections 54 – 54F: Exemptions from long-term capital gains from property (54), and other assets (54F).

Section 80D: Premiums for self, family members, and dependent parents.

Section 80EE: For first-time homebuyers paying interest on their home loan.

Section 80EEB: For the payment of an electric vehicle loan.

Section 80G: For charitable donations.

Rent deduction under 80GG if HRA is not included in your income.

Section 80TTA: You can deduct up to Rs. 10,000 from your savings accounts or bank deposits.

[chandanagarwalca]

Learn How to Save Tax on Salary in India

The majority of salaried individuals seek assistance from a prominent CA Chandan Agarwal on how to avoid tax on their salary. Following the advice or guidance of a CA, you may invest in a variety of schemes that can improve your quality of life, as well as receive income tax exemptions on direct taxes charged on your entire salary. If you are unfamiliar with these schemes or investment ideas, this blog is for you.

3 Smart Tax-Saving Strategies for Salaried Employees

1. Get a home loan and receive tax-saving benefits under Section 80C - As a salaried individual, taking out a house loan would provide benefits in two ways. Without a doubt, having your own house will provide you with mental satisfaction while also providing you with tax benefits under Section 80C. Additionally, Section 80EEA allows you to claim an extra reduction in your annual tax burden if you are a first-time homeowner.

2. Purchase a Health Insurance Policy – Purchasing a health insurance policy, like a house loan, also provides you with two advantages. If you become hospitalized, you can apply for Mediclaim from the health insurance company and save your expenses by receiving the claimable amount. Individuals, on the other hand, an individual can claim tax deductions under section 80D for the percentage of their yearly taxable income spent on premium payments. Please keep in mind that different amounts are exempted from such income tax computations depending on the age of the insured.

3. Invest your Money in Government Schemes - Individuals can claim a tax exemption on the total yearly income of up to 1.5 lakh spending on a specified government-approved scheme such as Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Pension Scheme (NPS), and Public Provident Fund (PPF) under Section 80C of the Income Tax Act.

Conclusion

Aside from the three tactics listed above, you can also invest in a LIC insurance policy, contribute a specific amount to a charity, by showing proper documents on your rent payment, and so on. To determine which investment would be beneficial for you based on your yearly income, you may contact a reputable CA Chandan Agarwal Kolkata, and following his advice start to invest in a specific scheme to save the taxable amount before filing income tax next year.

[basics-of-investing]

What is QIP & QIB??

QIP: - Qualified institutional placement is simply the Mode by which a listed company can issue equity shares, which is fully and partly convertible debentures, or any financial instrument other than warrants which can be converted into equity shares to a Qualified Institutional Buyer (QIB).

It’s not only for preferential placement but also helps in private placements with some selected group of person because of its simple procedure over other methods.

While QIB: - Qualified Institutional Buyers are those Smart people and institutional investors who possess expertise in market and the financial muscle to evaluate and invest in the capital markets. They can be commercial Banks, mutual funds, venture capital funds, FIIs, insurance companies or pension funds with minimum worth of 25Cr. They must be registered with SEBI and must follow their guidelines strictly

You can take advices from portfolio Management service providers. One of the PMS service provider are Moat Financials. SEBI Securities and Exchange Board of India acts like police to surveillance the investors and fraudsters in financial market by continue tracking their actions it also regulates the frame work of Qualified institutional placements QIPs and gives guidelines to Qualified institutional buyers QIBs to work conveniently with them.

Why QIPs were introduced: -

The process of qualified institutional in placement was introduced back in 2006 by security and exchange board of India SEBI to prevent NSE/BSE listed companies to stop its dependency on foreign capitals

Before establishment of QIPs there were a lot of complications for companies in raising capital from domestic market it was very easy for them to issue foreign currency convertible bonds (FCCB) and global depository receipts (GDR) to grow money from overseas market.

Regulations to govern a QIPs: -

To get qualifications and engagement in QIPs, a company has to fulfill some criteria and benchmark set by regulators For example company should be listed on an exchange which can be access from every part of country through its terminal.

A company needs to issue minimum of 10% of the securities which are issued under the mutual fund scheme to process in QIPs. In addition to that a company need to ensure that there are at least two allottees and it is a compulsory criteria if the company is issuing securities above Rs.250 crore. No issue is allowed to qualified institutional buyers who have connections with promoter’s company also No individual allottee is allowed to have more than 50% stake of total issued amount.

All the QIP are managed and surveillance by the SEBI registered merchant broker they furnish and exercise due diligence and submit the certificate to Stock Exchange board to assure and inform them the issue is provisioned and compliance with all the requirements given and mentioned by SEBI.

QIP in NEWS: -

In recent we’ve seen more news on QIPs which are adopted by cash-strapped real estate company like Unitech to raise its capital where Unitech has gathered Rs. 1620 crore through Qualified institutional placement process, the stake and holdings has now came down to 51%.

A report is also saying that LIC Housing Finance is pondering over QIPs to issue share of up to 10% values of its total paid up capital well it’s just an expectation let’s see what comes in future.

We’ve talk enough about QIP now as I mention in definitions I want to bring your attention in QIBs how they works, their regulatory and regulations and a lot more things about them.

Regulations of QIBs: -

Any Institution that follow the terms of clause 2.2.2B (v) of DIP Guidelines issued by SEBI comes under categories of Qualified institutional buyers we will not go deeply in clause but they all may fall under it.

Foreign institutional investor registered with SEBI;

Multilateral and bilateral development financial institutions

Foreign Venture capital investors registered with SEBI

Venture capital funds registered with SEBI

State Industrial Development Corporations

Insurance Companies registered with the Insurance Regulatory and Development Authority (IRDA).

Provident Funds with minimum corpus of Rs.25 crores

Pension Funds with minimum corpus of Rs. 25 crores

Public financial institution as defined in Companies Act, 2013

Most of guidelines matches with QIP because both are regulated by SEBI and QIP and QIBs work together for mutual benefits but amendment made in 2000 by SEBI (Disclosure and Investor Protection) Introduced some additional mode of capital raising from domestic markets.

SEBI guidelines are equally applicable to all kinds of financial assets weather its equity or any other form of securities except warrants which can be convertible with equity share at any time.

The regulator has also prescribed that the total amount raised by issuer through QIBs cannot goes above 5 times of net worth of the issuer at the end of its previous financial year.

Another important provision in favor of the issuer and against the investors QIBs is that the investors cannot and are not allowed to withdraw their bids or applications after closure of the issue.

What we can conclude: -

Securities and Exchange Board SEBI of India introduced the concept of QIBs when Indian corporates were looking for chances to enter into foreign investments overseas to expand their operations, and that was happening mainly due to two reasons

Easily availability of funds in those jurisdictions

Because of less stringent regulatory environment compared to India.

This Concept become very popular among investors and issuers in very short span of time because of its advantages;

The time taken by issuer to complete QIP for capital raising is much lesser than through public shareholders.

The waiting time for document approval and whole process is done by SEBI with in four to five days.

No need to acquire team of bankers, solicitors, advocates and auditors to obtain approvals hence it is cost effective also.

Let’s talk about some negative aspects of these processes because it is also equally important we should always consider the risk and cons involved to understand whole aspects of the process

Although QIP gives opportunity to QIBs to hold major stake in any business but on other hand it also dilutes the stake of shareholders which simply means risking the management and management is losing his control over company.

[lovingninjablaze]

बिजनेस में डील कैसे करें , रखे इन बातों का ध्यान How To Deal In Business In Hindi. बिजनेस को एरर प्रूफ कैसे बनाएं How To Make Business Error Proof कंप्यूटर मेंटिनेस सर्विस बिजनेस की शुरुआत कैसे करें Computer Service Business अपना पैसा कहां इन्वेस्ट करें कैसे बढ़ाएं ? How To Expand Money In Hindiनयी ब्रांच के साथ बिज़नस का विस्तार कैसे करे | How To Expand Business With Branch Out डिजिटल और डेटा विश्लेषण से जुड़े जॉब की जानकारी / Digital And Data Analysis Jobs डिजाइनिंग क्षेत्र में करियर की शुरुआत कैसे How To Start A Career In Designing Field CTET क्या है , कैसे करे तैयारी ? What Is CTET, How To Prepare 8 स्टेप में जाने कम्युनिकेशन स्किल कैसे सुधारें How To Improve Communication Skills जीवन में सफलता पाने के लिए यह करें उपाय बिज़नस में करें सही मौके की तलाश Find Chance In Business ट्रांसलेशन बिजनेस में है अपार संभावनाएं Immense Potential In Translation Business स्माल बिजनेस के लिए कैसी हो पीआर स्ट्रेटजी How Should PR Strategy For Small Business नौकरी करते हुए एक्स्ट्रा इनकम कैसे बढाए How To Increase Extra Income चिंता से मुक्ति चाहिए तो करें यह उपाय कॉन्पिटिटिव इंटेलिजेंस को बिजनेस में कैसे इस्तेमाल करें ( Competitive Intelligence In Business) * एग्जाम की तैयारी कैसे करें ? How To Prepare For The Exam *  क्राउडफंडिंग के माध्यम से पैसे कैसे जुटाने के तरीके * जीवन में विफलता से बचने के लिए करें इन बातों से तौबा * एमबीए का मिस मैनेजमेंट Why MBA Miss Management In Hindi * बायोडिग्रेडेबल प्लास्टिक ( Biodegradable Plastics ) Business In Hindi * जूनियर इंजिनियर कैसे बने ? * लोकल मार्किट के साथ इन्टरनेट पर अपन��� बिज़नस की पहुँच बढ़ाये * सफलता के 8 मूल मंत्र * क्राइसिस मैनेजमेंट कैसे करें ? * सिविल सेर्विस  की तैयारी कैसे करें ? * एक अच्छी जॉब की तलाश कैसे करे ? * डिग्री नहीं बल्कि टेलेंट की है आवश्यकता * NFC क्या होता है ? * RTO  ऑफिसर कैसे बने ? * ई रिक्शा बिज़नस की शुरुआत कैसे करे ? * सही करियर का चुनाव कैसे करे ? * परीक्षा में अच्छे नंबर कैसे लाये ? * ओरगेनिक फ़ूड का बिज़नस कैसे करे ? * भारतीय डाक विभाग  में आवेदन कैसे करें ? *  एक्स्ट्रा इनकम कैसे बढाए | How To Increase Extra Income In Hindi * बेहतर स्किल क्यों हैं जरुरी क्या करें ? Why Is Skill Important In Hindi. * लोन के लिए कौन से दस्तावेज जरूरी होंगे Which Documents Will Be Necessary For The Loan. *पर्सनल लोन कैसे लेते हैं पूरी जानकारी How To Take A Personal Loan Full Information In Hindi * Traditional Marketing तथा Digital Marketing में क्या अंतर है ? * ऑफलाइन ( रिटेल) कस्टमर बढाने के 3 बेहतरीन तरीके * मीठी तुलसी ( स्टीविया ) की खेती से कमाए लाखो रूपये * एक्टर कैसे बने पूरी जानकारी * बिज़नस में सफलता पाने के लिए अपनाए  3 तरीके * ई कॉमर्स बिज़नस की शुरुआत कैसे करें ? * अच्छा करियर कैसे बनाएं ? * रिक्रूटमेंट एजेंसी क्या है कैसे खोले ? * नेटवर्क मार्केटिंग के 8 फायदे * पोल्ट्��ी फर्म के लिए सब्सिडी योजना की जानकारी * नेटवर्क मार्केटिंग क्या है ? 3 स्टेप में जाने ज्वाइन करें या नहीं * नेटवर्क मार्केटिंग में सफलता के 8 टिप्स * TT कैसे बने ? * किराना स्टोर कैसे खोले ? * 2020 के लिए 10 बेहतरीन करियर के आप्शन * डिजिटल जॉब्स की पूरी जानकारी * पटवारी कैसे बने ? * youtube से पैसे कमायें पूरी जानकारी * तहसीलदार कैसे बने ? * मेच्योरिटी से पहले NPS से पैसे कैसे निकाले ? * एअरपोर्ट ग्राउंड स्टाफ कैसे बने ? * GSTरजिस्ट्रेशन कैसे करतेहैं ? * GST सुविधा केंद्र कैसे खोले ? * प्रदूषण जाँच केंद्र कैसे खोलें ? * राजनीति में करियर कैसे बनाएं ? * जी एस टी क्या है , यह किस तरह काम करता है ? * क्लाउड किचन बिज़नस की शुरुआत कैसे करें ? * अमेज़न पर अपना सामन कैसे बेचे ? * बेहतर निवेश के लिए अपनाय ये विकल्प * 5 चीजे जो बिज़नस के लिए बहुत जरुरी है | * SIP में निवेश करने के 6 फायदे * कम पैसे में कपडे का व्यापार कैसे शुरू करें | * 4 स्टेप में जाने प्रोडक्ट बेचने का तरीका * घर बैठे बिज़नस कैसे शुरू करें ? * वकील कैसे बने ? * कम खर्चे वाले 20 बिज़नस आइडियाज * प्रॉफिटेबल बिज़नस प्लान कैसे बनाए ? * बिज़नस की शुरुआत कैसे करें ? * 3 स्टेप में जाने बिज़नस प्लान कैसे बनाए ? * linkedin क्या बिज़नस के लिए क्यों है जरुरी ? * रिटेल बिज़नस को बढ़ने के लिए पॉपअप शॉप की शुरुआत कैसे करे ? * इमिटेशन ज्वेलरी का बिज़नस कैसे करें ? * टॉप 50 बिज़नस आइडियाज इन हिंदी * महिला समृद्धि य्तोजना के तहत लोन कैसे लें ? * टेक  बेस्ड स्टार्टअप की जानकारी हिंदी में * स्टॉक ब्रोकिंग के फील्ड में करियर कैसे बनाए ? * फाइनेंसियल मनेजमेंट कैसे करें ? * सुकन्या समृद्धि योजना से जुडी भ्रान्तिया तथा सच्चाई * ओला कैब के साथ जुड़कर कमाई कैसे करें ? * गूगल माय बिज़नस क्या है ? * बिज़नस को सफल बनाने के लिए क्या करें ? * कम्पाउंडिंग क्या है पूरी जानकारी * टेक्नोलॉजी बेस्ड आर्डर की शुरुआत कैसे करें ? * स्केर्सिटी मार्केटिंग क्या है ? तथा कैसे करें ? * बिज़नस स्ट्रेटेजी से कॉम्पिटिटर को कैसे बीट करे ? * ऑफलाइन ( retail ) कस्टमर को कैसे बढ़ाये ? * डिजिटल मार्केटिंग में करियर कैसे बनाये ? * साइबर हमलो से अपने बिज़नस को कैसे बचाए ? * प्लांट नर्सरी का बिज़नस कैसे करें ? * डॉक्टर कैसे बने ? * Crowdfunding क्या है यह कैसे काम करता है ? * घर खरीदने से पहले रखे इन बातो का ध्यान * महंगा घर खरीदने से अच्छा है किराये में रहना, बन जाएगा लाखो का फण्ड * NDA क्या है ,NDA में भर्ती होने की पूरी जानकारी * शेफ बनकर पैसे कैसे कमाए ? * स्कूल कैसे खोले नियम प्रकिया की पूरी  जानकारी * कार तथा बाइक धोने का व्यापार कैसे करें ? * 12 वीं पढने के बाद क्या करें ? * Swift bic कोड क्या है , कैसे पता करें? * कोचिंग सेंटर कैसे खोले ? * सरकारी टीचर कैसे बने ? पूरी जानकारी * कड़कनाथ poultry फार्मिंग बिज़नस की शुरुआत कैसे करें ? * LIC की बेस्ट पालिसी कौनसी है बेहतर रिटर्न के लिए ? * insurance claim रिजेक्ट क्यों होता है ? * बिना Demat अकाउंट के म्यूच्यूअल फण्ड में करें इन्वेस्ट ,रखे इन 6 बातो ध्यान * महिला ई हाट से जुड़कर ऑनलाइन बिज़नस कैसे करें ? In Hindi * NPS क्या हैं पूरी जानकारी हिंदी में * Freelancing Se Paise Kaise Kamaaye | How To Earn M * नौकरी छोड़ने के बाद क्या करें? * नौकरी करें या बिज़नस कौनसा बेहतर है ? * कम पैसे वाले छोटे बिज़नस की  शुरुआत कैसे  करें? * SEBI क्या है यह क्या करता है ? * डाटा एंट्री क्या है ? इसे कैसे करे ? * रियल एस्टेट कंसल्टिंग फर्म का बिज़नस कैसे करे? * वेस्ट मेनेजमेंट से पैसे कैसे कमाए ? * अमेज़न फ्लेक्स क्या है ? पूरी जानकारी * प्रॉपर्टी डीलर कैसे बने ? * Recurring Deposit क्या है , इसमें कैसे इन्वेस्ट करें ? what is Recurring Deposit Account in hindi. * योग सेक्टर में बिज़नस की शुरुआत कैसे करे ? * Recycling का बिज़नस कैसे शुरू करे ? * फिक्स्ड डिपाजिट क्या है ? एफडी करवाने  से पहले रखे इन बातो का ध्यान * IRCTC एजेंट कैसे बने ? पूरी जानकारी * टेंट हाउस का व्यापार कैसे शुरू करें? * PPF अकाउंट क्या होता है ? पूरी जानकारी हिंदी में * सौर ऊर्जा का व्यापार कैसे शुरू करे ? * महिलाओ के लिए ऋण योजना कौन कौनसी हैं ? * 10 हजार रूपये में शुरू किये जाने वाले बिज़नस * म्यूच्यूअल फंड्स में इन्वेस्ट करने से पहले रखे इन बातो का ध्यान * बिज़नस की शुरुआत कैसे करे * किसान सम्मान निधि योजना क्या है पूरी जानकारी *बुटिक का बिज़नस कैसे शुरू करे? * किसान पेंशन  योजना क्या है ? * सेप्टिंक टैंक साफ़ करने का व्यापार कैसे करे ? *  कार डीलरशिप का बिज़नस कैसे करे ? * लोन कितने प्रकार का होता  है ? * बिना डिस्काउंट दिए प्रोडक्ट की सेल्स बढ़ाकर मुनाफ़ा कैसे कमाए ? * बिज़नस को सफल कैसे बनाए ? * बिज़नस को सक्सेस बनाने के  6 सुपर कंपनियों के फोर्मुले * White label marketing  क्या है ? * बिज़नस में सक्सेस होना है तो रखे इन चार बातो का ध्यान * स्टार्टअप की स्थिरता के लिए अपनाए ये उपाय * कम खर्चे में बिज़नस को कैसे बड़ा करे ? * बिज़नस को Expand करने के लिए क्या करना चाहिए ? * अपने बिज़नस को कैसे बढाए ? how to expand your business in hindi ? * 9 स्टेप में अपना  ई कॉमर्स बिज़नस स्टार्ट करे | * प्रोडक्ट की सेल्स 10 गुना कैसे बढाए ? * छोटे से बिज़नस में प्रोसेस कैसे बनाये ? * बेसन मैन्युफैक्चरिंग का व्यापार कैसे करे? * बिज़नस को देर से शुरू करने के तीन  कारण * बिज़नस को सक्सेस बनाने के 10 गोल्डन Rule   * Customer को लॉयल कैसे बनाए ? * अपने कस्टमर को आकर्षित कैसे करे / how to increase customers for business in hindi   * फ्लावर का बिज़नस कैसे करे *  ड्राप शिपिंग का बिज़नस क्या  है .? * मार्केटिंग क्या है जाने ? * अदरक तथा लहसुन के पेस्ट का व्यापार कैसे करे? * स्टील फर्नीचर का व्यापार कैसे शुरू करे ? * Cattle Feed Pashu Ahaar Mnufacturing Business Kaise Kare ? In Hindi * इलास्टिक टेप का व्यापार कैसे करे ? * ड्राई फ्रूट का व्यापार कैसे करे ? * Paper pin / staple pin बनाने का व्यापार कैसे करे ? * अपने प्रोडक्ट की मार्किट प्राइस कैसे तय करे ? * गैस एजेंसी कैसे खोले ? * स्कूल बेग्स बनाने का व्यापार कैसे करे ? * ऐसे बीमा कवर जो आपके पास जरुर होने चाहिए | * Hydroponics system क्या है ?  in hindi   - Hydroponics system  से खेती कैसे करे? * DTDC कैसे ट्रैक करे * * सोशल मीडिया मेनेजर कैसे बने ? * सेनेटरी पैड्स बिज़नस की जानकारी इन हिंदी * फ्रैंचाइज़ी लेने से पहले रखे इन बातों का ध्यान * DTDC TRACKING  की जानकारी , कैसे करे ? डिजिटल मार्केटिंग के लिए कोर्स और योग्यता की जानकारी हिंदी में - digital marketing course and requirment in hindi * होम लोन कैसे के पूरी  जानकारी हिंदी में * प्रोजेक्ट रिपोर्ट फॉर आटा  चक्की * CIBIL Score क्या है और कैसे चेक करे ?/ How to check credit score in hindi * Parsonal loan कैसे ले / How to apply for loan ? * सुकन्या समृद्धि योजना क्या है? जानकारी हिंदी में/ How to aaply for suknya samriddhi yojna in hindi * क्या हैं demat account?, क्यों होता है जरुरी ? * insurance एजेंट कैसे बने पूरी जानकारी * मछली पालन की पूरी जानकारी * मिनी फ्लौर प्रोजेक्ट रिपोर्ट * मछली पालन कैसे शुरु करे * Employee pension scheme क्या है , कैसे कैलकुलेशन करते है ? * Gratuity क्या है पूरी जानकारी * seo बारे में पूरी जानकारी  कहा से प्राप्त करे * Dona Paper Plate Raw Material price / दोना पत्तल कच्चा माल की कीमत *   प्रधान मंत्री कौशल विकास योजना क्या है?/ what is PMKVY scheme full information in hindi *  मुर्गी पालन केंद्र की जानकारी/ Training centers of poultry farming * लघु उद्योगों की सुची / list  of laghu  udyog   in hind *  Digitize india क्या है?/ How to earn money with digitize india * प्रोजेक्ट रिपोर्ट फ़ॉर फ्लाई ऐश ब्रिक्स प्लांट *    सोयाबीन तेल बनाने का व्यापार कैसे करे ?, How to start soyabin oil making business * EPF (Employee provident fund ) क्या है पूरी जानकारी/ what is EPF full information in hindi * UAN क्या है पूरी जानकारी , what is UAN full information in hindi * मेडिकल स्टोर कैसे खोले/ How to open medical store in hindi * मधुमक्खी पालन उद्योग बिज़नेस कैसे करे पुरी जानकारी / How to start bee farming business in hindi *  MSME registration कैसे करे/ MSME  registration  process in hindi *  आयात निर्यात का व्यापार कैसे करे? /How to start import export business in hindi * खरगोश पालन कैसे करें/ How to start rabbit farming in hindi *  बैंक मित्र कैसे बने/ बनकर काम करे,/ How to become bank mitra in hindi * आयुष्मान मित्र क्या है, आयुष्मान मित्र बनकर पैसे कैसे कमाए जा सकते है।/how to apply ayushman mitra in hind * India  में ट्रांसपोर्ट का व्यापार कैसे करे/How  to start transporting business in hindi * एलोवेरा एवं जेल का व्यापार कैसे करे,खेती, लागत,कमाई की पूरी जानकारी in hindi * इंडिया में खुद का पेट्रोल पंप कैसे खोलें/How to open a fuel pump in india in hindi * फिनायल बनाने का व्यापार कैसे करे/how to start finyle making business in hindi * कॉपी बनाने का व्यापार कैसे करे/how to start notebook making business in hindi * फिनायल बनाने का व्यापार कैसे करे/how to start finyle making business in hindi * Marketing  क्या है , और कैसे करते है ? ,offline मार्केटिंग तथा ऑनलाइन मार्केटिंग की पूरी जानकारी in hindi *  CSC केंद्र क्या है , कैसे खोले, apply करने की पृरी जानकारी in hindi/  How to open Common service center in hindi * नहाने के  साबुन बनाने का व्यापार का कैसे करे ?/ how to start sabun making business in hindi? *कपडे धोने के साबुन बनाने का व्यापार का कैसे करे ?/ how to start sabun making business in hindi? * पेन बनाने का व्यापार कैसे करे?/how to start pen making business in hindi *  बाथरूम क्लीनर बनाने का बिज़नेस कैसे करे/how to start bathroom cleaner business in hindi * कील बनाने का व्यापार कैसे शुरू करे/ How to start wire nail business in hindi * S I P क्या है? क्यों है बचत का एक बेहतर विकल्प * mutual fund क्या होता है ? पूरी जानकारी * रेडिमेड कपड़े का बिज़नेस कैसे करे/ How To Do Readymade Garments Business In Hindi * फेब्रिकेशन वर्क्स का बिज़नस कैसे करे / How To Do Fabrication Works In Hindi * ऑनलाइन मार्केटिंग क्या है और कैसे करे / Top 8 Ways For Online Marketing * मुद्रा योजना क्या है ,मुद्रा योजना के तहत लोन कैसे प्राप्त करे ?/How To Apply For Bank Loan Under Mudra Scheme *  कपूर बनाने का बिज़नेस कैसे करे, How To Do Kapoor Making Business In Hindi *. Amul Franchise कैसे ले पूरी जानकारी In Hindi * Patanjali Franchise कैसे लेते है? ,Patanjali Franchise की पूरी जानकारी * फ्रैंचाइज़ी क्या है और इसे कैसे लेते है पूरी जानकारी In Hindi ( Franchise Kya Hai Jankari ) * Chappal, Slipper, Footwear Making Business कैसे करे? * गूगल adword क्या है?, यह कैसे काम करता है? * लघु उद्योग क्या है पूरी जानकारी * फ्री वेबसाइट या ब्लॉग कैसे बनाये? * youtube क्या है, youtube से पैसे कमाने के तरीके? * हाठु प्लांट (चिरौंजी दाना) का बिज़नेस कैसे करे? * बिज़नेस के लिए सही location का चुनाव कैसे करे? * जुट बेग मेकिंग बिज़नेस कैसे करे? * रेस्टोरंट या ढाबा का बिज़नेस कैसे करे? * इंटरनेट से ऑनलाइन पैसे कैसे कमाए? * Inspiring quotes for entrepreneur in hindi * Business प्लान क्या है? इसे कैसे बनाये? * चाक मेकिंग बिज़नेस कैसे करे? * ब्लॉग बनाकर पइसे कैसे कमाए? * मशाला उद्योग बिज़नेस कैसे करे? * पापड़ उद्योग बिज़नेस की जानकारी? * फ्लाई ऐश ब्रिक्स प्लांट की जानकारी? * दोना पेपर प्लेट के लिए रॉ मेटेरियल की जानकारी * आइस क्रीम मेकिंग बिज़नेस कैसे करे? * डेरी उद्योग बिज़नेस कैसे शुरू करे * dairy फार्मिंग बिज़नेस की शुरुआत कैसे करे? * गुड़ बनाने का व्यापार कैसे करे? * goat फार्मिंग ,बकरी पालन का व्यवसाय कैसे करे? * मुर्गी पालन की पूरी जानकारी * फ्लौर मिल कैसे लगाए? * दाल मिल कैसे लगाए? * एक सक्सेस बिज़नेस मैन कैसे बने * अपने प्रोडक्ट की मार्केटिंग कैसे करे? * मिनरल वाटर प्लांट कैसे लगाए/. * लाइसेंस ओर रजिस्ट्रेशन की पूरी जानकारी * FSSAI license क्या है? * डिटर्जेंट पाउडर का बिज़नेस कैसे करे? * अगरबत्ती उद्योग की जानकारी कैसे करे? * बिस्कुट उद्योग कैसे लगाए? * दोना पत्तल मेकिंग बिज़नेस कैसे करे? * लघु उद्योग के कौन कौन से फायदे है? * मोमबत्ती उद्योग कैसे लगाए पूरी जानकारी? * टॉप 7 घरेलू उद्योग कौन कौन से है? * मिनी पोहा मिल कैसे लगाये? * मिनी राइस मिल की पूरी जानकारी * ट्रैक्टर  मिनी राइस मिल की जानकारी Blogging And Internet * Feedburner पर एकाउंट कैसे बनाये /How To Create A Feedbburner Account In Hindi * Blog Website को एक साथ सभी search engine में कैसे submit करे? * ब्लॉग बनाकर ऑनलाइन पैसे कैसे कमाए? * ब्लॉग को डिज़ाइन करने के most important टिप्स * Wordpress Comment में अपनी image कैसे शो करे * क्या डोमेन नाम लेना जरूरी है? * ब्लॉग की रैंकिंग increase करने के 5 most इम्पोर्टेन्ट टिप्स * Website Blog का Google Pagerank कैसे Check करे? * Blogger Template को Zip File से  XML File में कैसे बदले? * Blog में Google Plus Comment कैसे Enable करे? * ब्लॉग में दूसरे पोस्ट का लिंक कैसे ऐड करे * Blog में Google Transelet Widget कैसे ऐड करे? * Blog या Website को Google, Bing Search Engine में कैसे Submit करे ? * कैसे बने एक Succesfull Blogger In Hindi * Google Analysis पर Account Delete कैसे करे? * Wordpress पर  Free Blog कैसे बनाये * Blog को  Bing Webmaster Tool में कैसे Submit करे? * Blog की Traffic कम होने के Top 10 Mistakes * Adsense के Ads Blog में कैसे लगाए Full Guide * Blogspot  पर Free Blog बनाने के बाद क्या करे? Full Guide In Hindi * Sitemap को  Google Search Console में कैसे Submit करे? * Blogspot या Wordpress कोनसा Blogging Platform ज्यादा Better है ? * Google पर अपनी Website की  Raking कैसे Check करे? * Robot Text File को Blog में कैसे Add करे? * Alexa Rank क्या है और  Blog को  Alexa में कैसे Submit करें? *  Google Custon Search को अपने  Blog में Add करे? * Post में Code Box कैसे लगाए? * Chitika क्या है ? Chitika से  Paise कैसे कमाए? * Author Box Description में Link कैसे Add करे ? * Blog Ki Traffic Kaise Badhaye? /Blog की ट्रैफिक बढ़ने के 10 बेहतरीन तरीके * अपने Facebook Page को  Blog में  Add कैसे करे? * ब्लॉग टेम्पलेट को कैसे change करें? * वेबसाइट या ब्लॉग बनाने के लिए क्या चाहिए? * ब्लॉग या वेबसाइट के लिए sitemap कैसे बनाये? * वेबसाइट ब्लॉग की ट्रैफिक कैसे बढ़ाएं?

[sandeepkumar20]

What is NPS and Why You Should Invest in NPS Scheme?

National Pension Scheme or NPS scheme is a central government pension plan for public, private and even unorganised employees. It started in 2004 only for government employees but was later extended by PFRDA (Pension Fund Regulatory and Development Authority) to everyone on a voluntary basis. However, it remains compulsory for government sector employees. The NPS scheme serves as a pension fund for those individuals who are reluctant to invest in any post-retirement financial plan.

Why should you invest in an NPS scheme?

NPS has several advantages over most other retirement plans available in the market. It ticks both the boxes - safe investment & tapping market volatility to your advantage, thereby giving you a respite from choosing the most suitable retirement plan. Let us have a look at each of them in detail.

1. Returns or Interest

Unlike the PPF, there is an option to get higher than usual returns with NPS due to its partial investment in the equity. You also have the option to choose from the different fund managers such as SBI, HDFC, LIC, UTI, ICICI etc. Looking at the performance of the past 10 years, there has been a consistent annualised return of 8-10%, which is way more than what most other schemes promise to deliver.

2. Customised Risk Profile

Here, you get the option to choose your own equity to debt ratio depending on your risk appetite. However, the risk is calculated and considered safe because of certain in-built restrictions - 75% can be invested in equity up to 35 years of age only. There is an automatic option wherein your hard-earned money is invested in a mix of debt and equity. In this option, your debt ratio keeps increasing with your increase in age. Such a balance of debt and equity ensures that your corpus is well-cushioned from the market volatility while providing higher returns as compared to other fixed-income schemes.

3. Better Tax-Saving Options

Under Section 80CCD (1). salaried employees can claim a deduction of up to 10% of their salary, while for self-employed this amount is increased to 20% of their gross income. Here, the upper limit of ₹1.5 lakh is applicable just like other tax-saving schemes. However, under Section 80CCD (1B) you get the benefit of additional ₹50,000 making the total deduction to ₹2 lakhs.

4. Flexible & Early Withdrawal

Since NPS is a pension scheme, there is a limit to withdrawals even after your retirement. This tax-free withdrawal limit is set at 60% of the entire amount and while regular pension will be paid from the balance 40%. However, for withdrawals before the age of 60, there are several avenues such as children’s higher studies or wedding, house purchase & construction, medical expenditures for self/family, among others. The early withdrawal limits are fixed at 25%, after three years of investment.

Above all, the most important aspect of NPS is the guarantee of the government, which makes it quite lucrative. So, if you are between the ages of 18 to 65, you can open an NPS account today and secure your retirement.

[omgalokkumar-blog1]

The best pension scheme to invest in 2019

A pension plan is a savings scheme through which you will save money for retirement. You can consider pension plans as Life insurance as well as investment plans. The premium will be used to build the corpus. After the maturity date, the corpus will be paid to the insurance company and the insurance company will pay the amount on a monthly basis. A pension plan is used to provide a steady income to the insured which provides financial security. Below are the best pension plans in India: 

1. SBI Life Saral Pension Plan

Type

The SBI Life Saral Pension Plan is  a type of participating in - linked pension scheme. It provides the plan  holder with protection against the market fluctuations, volatility and  instability.

Benefits

The SBI Life Saral Pension Plan provides  the plan holders with a guaranteed bonus which they are subjected to for a  good 5 years.

Sum Assured amount

The minimum amount of sum assured  that a plan holder has to put in is INR 1 lakh and there is no upper limit to  what the maximum amount of the sum assured can be, so the plan holder can  choose as much as they would like in accordance with their monetary goals and  requirements.

Age of entrant

The potential plan holder has to be a minimum age of at least 18 years to be able to take up the SBI Life Saral  Pension Scheme and cannot be over the age of 65 years to be an entrant of the policy. 

2. LIC Jeevan Akshaya Plan

Pension fund

The pension fund that the policy the holder receives is given to them in a lump sum amount so that they are able to live their life after retirement smoothly and with a similar standard of living.  

Tenure

The LIC Jeevan Akshaya Pension Scheme  is offered with a term of 5 years.

Benefit

The LIC Jeevan Akshaya Pension Scheme  does not ask their plan holder to get a medical checkup done before starting their retirement plan. This is a great benefit as many of the other plans and companies have a compulsory medical examination done.

Annuity

The plan holders of the LIC Jeevan Akshaya scheme will be paid with a lifetime annuity amount and also are given the return of the purchase price of the plan.

Annuity payment

The plan holder of this plan have to  pay the annuity in installments and they get the frequency options as  follows: yearly, monthly, quarter - yearly or even half - yearly and the  insured can choose any one of it according to their preference.

Age of entrant 

To be able to enter into the LIC Jeevan Akshaya scheme, the potential plan holder needs to be at least 30 years of age and they cannot be over the age of 85 years to be an entrant in the pension policy. 

3. Retire Rich by Bajaj Allianz

Type

The Retire Rich retirement plan by  Bajaj Allianz is a type of annuity pension scheme.

Tax benefits

The Retire Rich retirement plan by  Bajaj Allianz has tax exemptions and benefits that are offered under the  Section 80 CCC and Section 10 (10 A) of the Income Tax Act.

Death benefit

The Baja Allianz Retire Rich plan  gives the nominees or the family members of the insured with a death benefit in case the policyholder dies. The death benefit amounts to the sum value of  a tremendous 105 % of the entire premium that the insured had paid up until  the time of their demise.

Grace period

The Bajaj Allianz Retire Rich scheme holders  get the benefit of a grace period. A grace period is a duration of time when the plan holder is allowed to pay off any premiums that are due as they were not able to pay them by the date that they were supposed to. This plan gives their policyholders with a grace period of 15 days which is applicable for the plan with the premium frequency of 1 month and 30 days grace period which is applicable for the plan with the rest of the premium frequencies.  

Premium

The premium that has to be paid on a  yearly basis has a very nominal amount for the minimum payment. The plan  holder has to pay just an amount of INR 15,000 per annum to keep the plan  going.

Age of entrant

To be able to enter into the Bajaj  Allianz Retire Rich plan, the age of the entrant has to be a minimum of 30  years of age and the maximum age limit with this plan is 73 years to be able to take up the policy. 

4. Personal Pension Plan by HDFC

Type

The Personal Pension Plan by HDFC is a retirement scheme which works on the basis of a single life.

Tenure of the plan

The Personal Pension Scheme by HDFC has the tenure of any number of years between  10 years to 40 years.

Death benefit

The  HDFC Personal Pension Plan gives the nominees of the insured with 101 % of  the entire premium paid as a death benefit in case the insured dies.

Vesting option

This   the plan also has an option to be vested from the plan holder to the nominees  after the insured dies.

Benefit

This plan can also be taken up with  EMI options.

Premium payment

The policyholder can choose the premium payment options as they are very  flexible. 

There are a lot of pension schemes that one can take up in 2018. The best pension scheme would be the one that suits you the best and provides you a good pension fund in the near future after you take it up in 2018 and calculate the inflation rate as well. Not only that but also provides well for your family. Above are some of the best pension schemes that are available to take up, as an investor into a pension scheme, you have to choose the one that will suit you the best in accordance with your monetary goals for your post-retirement life and how much pension fund you need to be able to pay off your bills after retirement and also, leave you enough to be able to use it in case of emergencies. So, there is no one particular pension scheme but there might be just the one for you, you just have to research and compare to find the one for the year 2018 or consult an insurance policy agent.

[ashok-kumars-world]

Mutual funds pumped over Rs 4,000 crore into the anchor book as Life Insurance Corporation (LIC) mopped up more than Rs 5,000 crore ahead of floating its public issue on Wednesday (May 4).

The LIC anchor book closed on Monday (May 2) with 59.2 million shares on offer with 42.1 million units kept for domestic mutual funds. Around 99 mutual funds invested Rs 4,001 crore, buying the shares at Rs 949 apiece on a price band of Rs 902-949.

Foreign portfolio investors (FPIs), pension funds, corporates and other insurers also participated in the anchor investment. At Rs 21,000 crore-issue size, the LIC IPO is the largest India has seen so far.

Mutual fund houses have their own reasons to turn anchor investors to LIC's mega-IPO. Here is what they have to say.

'Fairly-valued IPO, but needs digital distribution'

The LIC IPO has found takers among institutional investors due to valuation of the IPO, resizing of the issue and LCI's intent to become more digital-oriented, according to fund managers.



“Initially, there was talk about two-times embedded value. Now, the IPO is getting priced at 1.1-times its embedded value. So, it is fairly priced. The share float has also been reduced to Rs 21,000 crore, with government selling 3.5 percent stake instead of 5 percent. Markets should be able to handle this kind of supply even in current global environment,” said a fund manager, whose schemes have participated in the anchor book.

“But, at the same time, we don't expect much accretion to the value, which comes from incremental business or growth. LIC's stock will have a lot of linkage with the markets as well. Its embedded value is dependent on how the equity market behaves. There is lot of portion that is mark-to-market. Overall, the company has much higher investments in equity,” he added.



Not all mutual funds think that LIC's growth will be a major problem for the stock.

Also read: These mutual funds didn't participate in LIC anchor book

“LIC is a dominant player in an emerging market. So, it will have a reasonable growth, even though it might not be as much as its private insurance counterparts. There is still under-penetration of insurance products in India. Yes, there have been new model of distribution through digital mode, but LIC is also adapting to these changes,” said head of a second fund house, requesting anonymity.

Also read: LIC IPO: Here's how you can max out bidding for the mega public issue

The popularity of insurance product aggregators online has contributed to fall in LIC's market share. LIC has so far been dependent on its agent network, but its recent tie-up with Policybazaar shows that it wants to also make its presence on digital distribution networks.

Also read: LIC IPO | How can policyholders invest in the mega listing?

“There has been lot push all around for this IPO, whether it is the government, broking platforms, policy agents, etc. So, the awareness among retail investors for IPO has been unparalleled. I won't be surprised if this issue sees record applications,” the mutual fund head added.

The mutual fund schemes that got the largest share of the anchor book included SBI Equity Hybrid (9.2 percent of the anchor book), ICICI Value Discovery (3.9 percent) and SBI Balanced Advantage Fund (3.6 percent).

LIC's market cap after the IPO will be around Rs 6 lakh crore, which will make it a large-cap stock. Several large-cap funds participated in the anchor book. Thematic funds, large- and mid-cap funds, as well as a few small-cap funds participated in the anchor book.

Mid- and small-cap funds need to invest at least 65 percent of corpus to mid- and small-cap stocks. The rest is at the fund manager's discretion.

When does IPO open for others?

The LIC IPO will open on Wednesday (May 4) for all other investors, who can place their bids till the IPO window closes on May 9.

At issue size of Rs 21,000-crore, it is India's largest IPO so far. The government was originally slated to offload 5 percent of its stake in the company, but it brought down the stake sale on offer to 3.5 percent.

The price band is set at Rs 902 to Rs 949 per equity share. Policyholders will get a discount of Rs 60 per share, while employees and retail investors will be entitled to a lower discount of Rs 45.

[deliciouscollectivelady]

A Brief on Different LIC Retirement Plan | LIC Zaroori Hai Delhi

Taking up a retirement plan to get LIC Tax Saving Plans while you are earning reduces a lot of burden pos retirement. It helps you save for future use, which is a vital necessity. Moreover, the pension schemes are available to every age group, ranging from 0 to 65 years. The website gives out a profound detail of the entire policy so that the customer is not scammed. They have their facts in various languages. For example, if a person understands Hindi better and has a firmer grip on it than English, they will find all the required details of the retirement plan in Hindi.

  Lic retirement plan benefit pension fund

The LIC retirement pension fund plan is mainly designed for senior citizens who wish to have a planned retired life without worrying about financial conditions. The lic retirement plan benefit pension funds include:

 The premium under the retirement pension fund plans is paid in an amount that is enough for the survival of the senior citizen after his retirement.

If the policy lasts for six years, the policyholder also starts enjoying all the corporation’s profits.

There is no higher limit constructed for the basic sum assured.

The family members continue to enjoy the funding of the policyholder even after his death.

Lic retirement plan policy details

Generally, the LIC Endowment Plan when one keeps aging, they worry about the post-retirement life and how they will survive or financially help their families after they retire. Taking up a LIC retirement plan policy details helps them have a wonderful financed post-retirement life, and they do not have to worry about the finances. They pay an annual amount of money and make sure that all the money saved is used for nothing else but is only saved for retirement funding. These policies ensure that one has a hassle-free retired life and always a backup for the post-retirement life.

 Lic retirement insurance plans

The LIC Retirement Plan is an age-old policy stake, and they provide their policyholders with the best programs and are also one of the most relied on due to their excellent benefits for their customers. More than several 250 million people are availing of the LIC retirement insurance plans. In the competitive economic market where there are thousands of policy brands, LIC is still considered one of the best and serves its customers with the best possible consistent services.

 Lic retirement pension scheme

A LIC Retirement Plan is a policy that is used as a savings account. Only the savings made in a pension scheme are stored for later use and are given back with sufficient interests and lead a peaceful retirement life. It also reduces the amount spent to pay your taxes by its various policies, and the burden of paying taxes gets reduced post-retirement. Generally, suppose people do not keep aside a part of their salary, and even if they do, they end up wasting it. In that case, it is always better that the person puts his savings securely in the form of a retirement pension scheme, preventing them from spending it and helping them for future use.

 We have Other than Retirement Plan services-

1: Dedicated & well trained backroom staff.

2: Door step services across Delhi, Gurgaoun, Noida, Faridababad, Ghaziabad, Bahadurgarh, Sonipat, Bhiwadi etc.

3: Premium collection and payment

4: Premium paid certificate for Income tax declaration

5: Revival of old lapsed policies

6: Death claim settlement

7: Survival benefit

8: Premium renewal reminders through phone and sms

9: Servicing through e-mail and whatsapp help us connect to our 3000 clients across India and worldwide.

10: Online account creation for LIC and Mutual Funds.

11: Portfolio management for LIC/Mutual Funds/Health Insurance

  Our Major Services 

LIC Retirement Plan

LIC Endowment Plan

LIC Child Plan

LIC Tax Saving Plans

LIC Term Insurance

LIC Best Plan

LIC Term Plan

 Focus on Customer Satisfaction:

We are LIC Agent Noida come equipped with the right attitude, people, processes and technology to ensure higher levels of satisfaction and service quality in Noida, Delhi. In transactions, we work systematically to find & ensure quick resolution of any queries or complaints.

 Right Experience & Skills:

We have over 8 years of experience in financial advisory and products distribution space. Our experience, qualifications & skills enable us to understand you and your needs, and then offer you the right strategies & solutions to achieve your goals.

Serving clients is our passion and the reason why we are in the business. Nothing excites us more that helping our clients achieve their financial goals and dreams in life with our support.

 For more information contact us:-

Email- customercare@secureinvest.co.in

Phone-

+91 8800334680, +91 9873987357

+91 11 46061461

[classyfoxdestiny]

Business news live - The Hindu

Business news live - The Hindu

2:05 P.M.

China regulator approves establishment of state pension company

China’s banking and insurance regulator said it had approved the establishment of a state pension company to boost funds for its citizens’ retirement as the country faces mounting pressures from an aging population, Reuters reported.

China Banking and Insurance Regulatory Commission (CBIRC) approved on Sept. 2 the plan for 17 bank-affiliated wealth management units, insurers and state institutions to jointly set up the state pension company with registered capital of 11.15 billion yuan ($1.73 billion), according to a statement on the regulator’s website on Wednesday.

1:59 P.M.

Cabinet did not take up proposal for telecoms relief measures

India’s cabinet did not take up proposals on Wednesday for providing financial relief to the country’s cash-strapped telecoms sector, a government source said, according to Reuters.

The cabinet was widely expected to take a decision on a so-called relief package for the telecoms industry, which would have helped all wireless carriers but especially the embattled Vodafone Idea.

1:54 P.M.

JPMorgan to buy major stake in Volkswagen’s payments unit

JPMorgan has struck a deal to buy a majority stake in German car giant Volkswagen’s payments business ahead of a planned rollout of in-car technology that allows drivers to automatically pay for fuel or tolls.

The U.S. bank has agreed to buy close to 75% of Volkswagen Payments S.A. for an undisclosed sum, subject to regulatory approvals, Reuters reported.

1:47 P.M.

Tesla sold 44,264 China-made vehicles in August

U.S. electric vehicle maker Tesla Inc in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association (CPCA) said on Wednesday.

CPCA said passenger car sales in August in China totalled 1.5 million, down 14.7% from a year earlier, Reuters reported.

1:45 P.M.

India considering foreign institutional investment of up to 20% in LIC IPO

Indian government is considering allowing foreign institutional investment of up to 20% in Life Insurance Corporation, according to a government source, Reuters reported.

The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale.

1:02 P.M.

India’s economic growth will remain strong in coming quarters: S&P

India’s economic growth will remain strong in the coming quarters while inflation in Asia’s third largest economy is likely to remain at elevated levels, analysts at Standard and Poor’s said on Wednesday.

S&P said the next rating action on India will depend on the pace of recovery over the next 24-month period. S&P has a ‘BBB-‘ rating with a stable outlook on India, Reuters reported.

12:59 P.M.

First Abu Dhabi Bank hires new head of investment banking from HSBC

First Abu Dhabi Bank, the United Arab Emirates’ largest lender, has hired Martin Tricaud as head of investment banking, sources said.

Tricaud was previously chief executive officer for the Middle East, North Africa and Turkey region at HSBC, Reuters reported.

12:51 P.M.

Maruti Suzuki reports 8% dip in production in August

The country’s largest carmaker Maruti Suzuki India on Wednesday said its total production in August declined by 8% on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.

The company had produced a total of 1,23,769 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing, according to a PTI report.

12:44 P.M.

Sansera Engineering IPO to open on Sep 14; price band set at ₹734-744/share

Auto component maker Sansera Engineering on Wednesday said it has fixed a price band of ₹734-744 a share for its ₹1,283-crore initial share-sale.

The IPO will open for public subscription on September 14 and close on September 16. The bidding for anchor investors will open on September 13, the company said.

The initial public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 equity shares by promoters and investors, PTI reported.

12:32 P.M.

India to give $3.5 billion in revised clean tech scheme for automakers

India will give about $3.5 billion in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, Reuters reported, citing two sources familiar with the latest proposal.

The government’s original plan was to give about $8 billion to automakers and part manufacturers but, the scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles, the report noted.

A government official with direct knowledge of the matter said the initial allocation over the five-year period has been reduced but that up to $8 billion could be made available if the scheme is successful, initial funds are spent, and certain conditions are met.

12:14 P.M.

EV maker Ultraviolette Automotive to invest ₹500 crore to scale up business

Electric two-wheeler maker Ultraviolette Automotive Pvt Ltd will invest ₹500 crore in the next three to five years to scale up business, including setting up of a new manufacturing unit and product development, according to top company officials.

The company, in which TVS Motor Company is an investor, is setting up its manufacturing and assembling facility near Electronics City, Bengaluru, from where it will start producing its high-performance electric motorcycle – the F77 in the first quarter of 2022, a PTI report noted.

In the first year, the company said it will produce 15,000 electric motorcycles and will scale up to an annual capacity of 1.2 lakh units.

11:59 A.M.

Bitcoin nurses losses in wake of El Salvador’s glitched rollout

Bitcoin nursed losses Wednesday after plunging amid El Salvador’s troubled rollout of the largest cryptocurrency as legal tender, according to a Bloomberg report.

The virtual coin was trading at about $45,474, having slid as much as 17% a day earlier before paring some of the losses. The downdraft also swept across tokens such as Ether and Dogecoin, the report noted.

Tuesday’s selloff is the most significant break in a rebound that had lifted Bitcoin almost 75% since late July. Overall cryptocurrency market value fell about $300 billion in the past 24 hours, according to tracker CoinGecko.

11:40 A.M.

Toshiba says detailed talks on buyouts meaningful only after option review

Toshiba Corp said detailed talks on potential take-private deals would make sense only after all strategic options are carefully reviewed, spurning calls from some shareholders to start soliciting buyout bids.

But the latest process is not meant to formally solicit buyout bids for the overall company or some of its assets, puzzling some investors who have questioned why the company has not started an official soliciting process, Reuters reported, citing sources.

11:13 A.M.

SEC threatens to sue Coinbase over crypto lending programme

The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, according to a Reuters report.

The SEC has issued Coinbase with a Wells notice, an official way it tells a company that it intends to sue the company in court, Coinbase CLO Paul Grewal, said in a blog post. He said Coinbase would delay the launch of its ‘Lend’ product until at least October as a result.

10:54 A.M.

Rupee plunges 23 paise to 73.65 against U.S. dollar in early trade

The Indian rupee plunged 23 paise to 73.65 against the U.S. dollar in opening trade on Wednesday, tracking a strong American currency and muted trend in domestic equities, a PTI report noted.

At the interbank foreign exchange, the rupee opened at 73.48 against the dollar, then fell to 73.65, registering a decline of 23 paise from the last close.

10:45 A.M.

VAHDAM India raises ₹174 crore from IIFL AMC, others

Premium tea and wellness products maker VAHDAM India has raised ₹174 crore from investors, including IIFL AMC’s private equity fund, to expand its business globally and enter new categories, PTI reported.

The series D round of funding also saw participation from existing investors, which include a consortium of Sixth Sense Ventures affiliates, the Mankind Group Family Office, Infosys Founder Kris Gopalkrishnan’s Family Office, Urmin Group and White Whale Ventures.

10:30 A.M.

OYO increases authorised share capital to ₹901 crore

Oravel Stays Pvt Ltd, that operates hospitality firm OYO, has approved an increase in the authorised share capital of the company from ₹1.17 crore to ₹901 crore, according to a regulatory filing by the hospitality firm.

The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draft red herring prospectus is likely to be filed in the next few months, PTI reported, citing sources familiar with the matter.

10:22 A.M.

Apple to hold event on Sept 14, new iPhones expected

Apple Inc said on Tuesday it would hold a special event on Sept. 14, which most industry watchers believe will be used to unveil a new line of its flagship iPhones.

10:11 A.M.

Intel to invest up to 80 billion euros in boosting EU chip capacity: CEO

Intel on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up its semiconductor plant in Ireland for automakers.

Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would announce the locations of two major new European chip fabrication plants by the end of the year.

10:01 A.M.

Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi

Former RBI Deputy Governor R. Gandhi on Tuesday made a case for treating and regulating crypto as a separate asset class with a view to enabling governments around the world to effectively deal with illegal activities associated with virtual currencies.

After quite a lot of debate over the years, he said, people have fully understood that crypto cannot be a currency because the fundamental element of a currency— that it should be a legal tender— is missing in this case.

9:46 A.M.

RBI enhances scope of tokenisation to ensure security of card data

In a bid to ensure security of card data, the Reserve Bank of India (RBI) has enhanced the scope of tokenisation and permitted card issuers to act as token service providers, PTI reported.

The RBI extended the device-based tokenisation to card-on-file tokenisation services, a move that will bar the merchants from storing actual card data, the report noted.

It said the decision will reinforce the safety and security of card data while continuing the convenience in card transactions.

9:32 A.M.

Govt. mulls allowing SEZ occupants to sell locally

The government is considering a proposal to allow producers in Special Economic Zones (SEZs) to sell their output to the domestic market without treating them as imports. It is also reviewing the exclusion of export-oriented units and SEZs from the recently notified tax refund scheme for exports.

9:19 A.M.

Indian benchmark indices open on flat note

Indian indices opened on a flat note on Wednesday amid tepid cues from global markets. BSE Sensex opened at 58,350.56, up 71.08 points, while Nifty opened at 17,375.75, up 13.65 points.

On Tuesday, the 30-share BSE Sensex settled 17.43 points or 0.03% lower at 58,279.48, while the broader NSE Nifty fell 15.70 points or 0.09% to 17,362.10.

9:09 A.M.

Oil climbs amid slow supply return after Hurricane Ida

Oil prices rose on Wednesday, paring overnight losses, with producers in the U.S. Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through, a Reuters report noted.

Brent crude futures inched up 0.2%, to $71.83 a barrel, while U.S. West Texas Intermediate crude futures rose 0.4%, to $68.62 a barrel.

9:00 A.M.

Asian shares on edge in choppy trading

Asian shares hovered just off six-week highs on Wednesday, as a more risk-averse mood spread into the market from the United States overnight due to worries about slowing growth that hurt equities, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.13% having posted gains, if sometimes small, for 11 of the last 12 sessions.

Japan’s Nikkei reversed early losses and was last 0.82% higher, Australia slipped 0.32%, Chinese blue chips fell 0.04%, and the Hong Kong benchmark gained 0.12%.

. Source link

[helloyoganandsblog]

LIC : Life Insurance Corporation Agent

LIC : Life Insurance Corporation Agent - How to Find One Near You

The Life Insurance Corporation is one of the largest life insurance companies. It was started in 1911. At that time, the US had few life insurance companies, so the Corporation created a way to get more business. It has diversified into many fields of business, including property, investment, and commercial activities. Today, it's very much focused on health, annuities, and whole life. To serve the diversified needs of customers, It has many Life Insurance agents all over the country. So you can find easily for Life Insurance Agent near you. There are four main areas that the LIC has agents in. Those areas are Northern California, the Great Lakes, Kansas, and the Pacific Northwest. The company serves all the states of Illinois, Indiana, Maryland, and Pennsylvania. Each of the four areas has different types of coverage for people living in that area.   Life Insurance Corporation Agent - Manager Lincoln was created in 2021 by a man named Richard W. Snyder. Mr Snyder graduated from the University of Illinois, with a degree in business administration. He worked for several years in the public relations department of a university and then worked for two years in sales for an insurance corporation. Since leaving the corporate world, he's become the Life Insurance Corporation's general manager. Because of his familiarity with the life insurance services in Lincoln, Mr Snyder was tasked to build a local office and train employees. In just a short period of time, he had created an agent network with over eighty agents in thirty-two states. He now oversees the organization's growth in Northern California, Nebraska, and the Pacific Northwest. When someone in those areas takes out a policy, it goes to Lincoln to be handled by the LIC. Lincoln then pays the insurance company a monthly fee called the "service commission", which it then uses to expand its business.   Insurance Companies - USA There are about a hundred and twenty-nine insurance companies that sell policies in the United States. Some people believe that Life Insurance should be sold only through a life insurance agent(s) with state-licensed. However, in recent years, the United States government has allowed for the sale of policies directly to consumers without a license or agent. If you're curious about starting your own business, selling life insurance can be quite profitable. To get started, all that you need is access to the Internet. The first thing that you'll need to do is search for a Lincoln-based life insurance company. As far as selling policies, Lincoln life insurance corporation agent(s), brokers, and service providers have a few things in common. They will all be trained in how to answer questions about specific risks. They will also all sell policies that pay out a lump sum at the beginning of the term. Most agents also offer settlement services to help with large financial obligations like inheritances or probate. Since most people who take out policies pay them annually, this is a good way for a company to build up its reserves of assets. Most agents also use online resources to keep in touch with current customers and to learn about the most profitable policies. If you live in Nebraska, then finding a good agent is relatively easy. You can search for local insurance companies on the Internet by typing in keywords such as "life insurance corporation in Nebraska" and " National Association of Attorneys General" insurance agents, brokers, and service". If you aren't familiar with the search engines or you don't feel comfortable entering your information over the phone, you can also call around any one of the local insurance agent(s). Many of them will be more than happy to talk to you, no matter what you may have in mind.   Local Insurance Services To find a good agent in Lincoln, look for brokers, agents, and sales representatives who work at local insurance services. You can also check out the Internet for advertisements from a local life insurance agent near you. You should also be aware that the internet is a great resource for finding brokers, agents, and other sales professionals, so don't neglect it when looking for a broker. There are many different types of agents - senior agents, life coaches, property agents, and others. Once you find one or two Nebraska brokers you are interested in, you may need to contact them via the telephone to set up a face-to-face meeting.

Different Types Of Life Insurance Plans Offered By The Life Insurance Corporation Of India - LICI

Life Insurance Corporation of India or LICI is one of the leading insurance companies in India dealing in many types of insurance policies like Term Life, Whole Life, Variable Life, Universal Life, Health Insurance, Annuities, etc. It is a totally State Owned Corporation. It is also one of the leading life insurance companies providing low-cost insurance coverage to its clients. It also provides an online insurance quotes facility to its customers. It is one of the biggest buyers of life cover in India. It has numerous locations throughout the country. One of the main objectives of Life Insurance Corporation of India is to provide insurance to its customers at the best rates possible. It also aims at reducing the cost borne by the policyholders, to ensure healthy competition among the competitors. Policyholders can choose from a wide range of policies provided by LICI.   Know About LIC - premiums It ensures that the beneficiaries are properly taken care of after the policyholder dies. The beneficiaries receive the lump sum amount from the insurer, either in a fixed interest fund or in some other mode. It also pays the premium on behalf of the insured. One of the major reasons behind this massive popularity is that it is insured for a very long period and the policyholders pay lower premiums. Premiums are based on various factors like occupation, health, age, area of residence, occupational group, occupational tenure, and many more.   Benefits of LIC The benefits of Life Insurance Corporation of India includes Legal Residence Benefit, Legal Allowance Benefit, Retirement Benefit, Annuities, Disability, Theft & Fire Protection, and Legal Cover. The main idea behind providing insurance to people is to help them meet the expenses and monetary needs after their death. They offer a wide range of policies including Term Life, Whole Life, Variable Universal Life, and Term Life Insurance. These policies are offered by the Indian unitary life insurance company. The company offers various plans including, premium indemnity plans, income protection policies, group insurance plans, provident funds and several other schemes for meeting the needs and requirements of the insured and the beneficiaries. Life Insurance Corporation of India was established in 1965 by the Bombay Stock Exchange. Initially, the company offered insurance only to women. Later, due to high growth rates and an ever-increasing demand for this insurance product, the company was able to introduce different specialized policies for males and females. Life Insurance Corporation of India has offices in all major Indian cities including Mumbai, Kolkata, Delhi, Chennai, Bangalore, Pune, Hyderabad, and Chennai. Some of the major clients of the company include multinational companies as well as Indian public sector banks, pension funds, educational institutes and colleges, Indian military, customs brokers, Indian citizens, businessmen, government organizations, international hospitals and firms, etc.   Life Insurance Corporation Agents - India Since its establishment, the Life Insurance Corporation of India has expanded its branches in various parts of the country like Delhi, Chennai, Mumbai, Kolkata, Bangalore, Pune, Hyderabad, Chennai, Delhi, Lucknow, Kolkata, Mumbai, Goa, and Lucania. It also has offices in New Delhi, Rajasthan, Punjab, Uttarakhand, Uttar Pradesh, Madhya Pradesh, Bihar, and Rajasthan. It also has branches in China, Malaysia, Myanmar, and Singapore. Besides these branches, it also has 24-hour service in India, Pakistan, Bangladesh, Egypt, Kenya, Nigeria, South Africa, Dubai, Egypt, and several offshore branches. Nowadays, there are different types of policies available in the market. The cheapest policy is the Standard Variable Life Insurance Policy, which can be purchased with a minimum investment, at the Bank of India or Credit Union. With the help of this insurance plan, the policyholder can purchase extra coverage for his/her dependents for a nominal monthly payment. These dependents are not covered during the time of death, but during the time of emergency or if the need arises. Another type of policy available in the market is the Universal Life Insurance, which comes under the provident funds of the Indian government, and provides the beneficiary with an option to choose from various options like investment in an educational institute, fundraising activities, a special fund meant exclusively for a relative or an associate, and so on.   LIC - Plans, Offers & Categories There are many plans under this category like the Indemnity Bheema plan, which offers financial assistance during accidents or illnesses. Under the Life Insurance Corporation of India plan, the name of the beneficiary is included in the policy, and at the same time, the benefit under this plan is restricted to the individuals who are members of an affiliated scheme. It offers limited premium payment and does not offer any cash return benefit. Finally, the Term Life Insurance Company of India offers the Individual Voluntary Arrangement plan under which the premium payment is done only on the death of the annuitant and the withdrawal of the same from the bank account or any other form of investment. This company offers the facility of fixed premiums and offers higher interest rates compared to the other companies.   Read the full article

[legal-blogs]

Simple ways to avoid paying income tax in India

Proper tax planning is one of the best ways to avoid paying income taxes in a particular year.The Income Tax Act allows for a wide range of expenses, investments, and savings plans to be deducted.In India, major tax deduction strategies can be utilized to save money on income taxes. Find more about NRI taxation in India.

Venture choices under Area 80C

These are the most well known charge reserve funds choices for NRIs (Non-Occupant Indians) and nearby citizens.You can claim deductions of up to Rs. in accordance with Section 80C of the Income Tax Act.1.5 lakh per year on various expenses and investments.

FD that saves money on taxes:

You can deduct up to Rs by investing in FDs with a five-year tax break.1.5 lakh.In India, interest earned on domestic and NRO fixed deposits is subject to taxation.As a result, non-resident Indians who earn interest on NRO fixed deposits may also receive a deduction of up to Rs.1,50,000 from the Public Provident Fund (PPF) under Section 80C:Due to the fact that the public provident fund allows for a deduction of up to Rs.1.5 lakh in accordance with Section 80C. The public provident fund is a government program that can be found in most banks and post offices.The PPF account typically has a 15-year lock-in period.

If you opened a PPF account before you became an NRI, you can keep it open until it matures, even though NRIs cannot open one.

Certificate of National Savings:

The NSC is a fixed-income plan with numerous tax advantages.The annual compound interest rate for the NSC currently stands at 6.8%.Like the PPF, if a NSC account holder becomes a non-resident Indian (NRI) while the account is active, the account can be continued until maturity on a non-repatriable basis. This means that you can take advantage of tax breaks on both the amount invested and interest earned.ELSS Funds:Equity Linked Savings Schemes, or ELSSs, are one of the most widely used tax-deferred investment options.Equity-focused mutual funds invest at least 80% of their assets primarily in equity.India allows residents and non-residents to invest in ELSS funds to lower their taxable income.

These funds' returns are subject to a 10% LTCG tax.You can get a deduction of up to Rs.1.5 lakh per fiscal yearNRIs and regular residents alike are eligible for tax exemption under Section 80C.

Prices for LIC:

Up to Rs. 1,000, life insurance premiums are tax deductible.1.5 lakh.If the insurance cover is at least 10 times the annual premium, premiums for various insurance policies, such as ULIPs, term insurance, and endowment policies, can be deducted.

NPS: 

The National Pension SystemYou can deduct up to Rs from the NPS, which is a retirement fund supported by the government.1.5 lakh for the NPS contribution.The National Pension Scheme also allows NRIs to make contributions.Fund for employee benefits:The Rs are calculated using the contribution to the Employee Provident Fund (EPF).1.5 lakh limit under Area 80C.

Home advance reimbursement:

A housing loan principal repayment is eligible for a tax deduction of up to Rs.1.5 lakh annually.Schemes for saving money on taxes other than Section 80C In addition to the deductions allowed by Section 80 of the IT Act, there are other deductions that can help you save money on taxes.

Cost of medical insurance:

a deduction in excess of Rs.Under Section 80D, premiums paid for medical insurance are eligible for a reimbursement of 25,000, or Rs.50,000.A person who pays premiums on behalf of both themselves and their elderly parents is eligible to claim a combined deduction of up to Rs.75,000 annually.

Home loan interest is as follows:

A home loan's interest is tax deductible up to Rs.2 lakh annually under the Income Tax Act's Section 24.Additionally, a deduction of up to Rs.50,000 in 80EE-related home loan interest.

Earnings from interest on NRE accounts:

Indian NRE accounts allow foreign earnings to be deposited by non-resident Indians.In India, interest on NRE savings accounts and fixed deposits is exempt from tax.As a result, non-residents can save money for tax purposes in an NRE account.

Donations to informed organizations:

Donations to charities are tax-deductible.Contributions to charitable organizations can be deducted from taxable income without a cap.The majority of donations to non-governmental organizations are limited to 50% of the donation and up to 10% of your adjusted total income.Although there are a number of ways to avoid paying income tax in India, it can be difficult for non-resident Indians (NRIs) to comprehend tax laws due to the country's complex tax system and frequent revisions.NRIs may not claim benefits like deductions.We at SBNRI comprehend this struggle.You can connect with our NRI tax experts by downloading the SBNRI App to learn more about the new TDS/TCS rules for NRIs. Additionally, you will receive complete assistance with NRI tax filing.

[braydenjollie]

Top 10 Tax Saving Investment Options In India

There are some ways to save lots of tax, the foremost common ways to take a position in Mutual Funds or Equity Funds. Nowadays, there's another quite tax-saving investment option in India, which is you'll invest in Fixed Deposits with banks. it's called a Tax Saving investment option. all folks must save our tax and it's mandatory to save lots of our tax once we want to shop for a house or invest in any quite an investment. But in India, there's a change, which has been happened within the sort of GST, which has been impacting the general market and most of the people have lost their confidence within the market. many of us are taking loans from banks and other Financial Institutions, due to the bad market condition.

AYP can help you with all this stuff they are also recognized one of the best online consultants in Agra for investing related purposes.

Tax saving bond

There are tax-saving investment options in India which will offer you a particular amount of interest on your investment that has already been made and is getting used to pay tax. If your investment is enough and has not been withdrawn, it'll be tax saving investment option that you simply have immediately . Tax saving bond may be a quite investment option which will offer you interest on the funds you have already got . In this, you'll pay tax on a hard and fast income. In short, you'll tend a hard and fast amount of return as long as your investment during this instrument is maintained. you'll pay the tax on this amount monthly , year then the fund is closed for receiving further income for your financial needs.

Tax-free investments

Every person who owns a house or house apartment needs life assurance . there's no tax on the premium purchased life assurance . there's no tax if you invest in LIC. But the utmost you'll invest is Rs 1.5 lakh in LIC and each year you'll increase the limit of your LIC investment. In 2017-18, the limit was increased to Rs 2 lakh, but to avail of the tax-saving, you've got to form the premium payment on time. Investment in PPF is additionally tax-free. Under Section 80C of the tax Act, if you invest your money in PPF then the interest on PPF is tax-free investments and it's not taxable., the minimum amount that you simply can invest is Rs 500 and just in case you transcend that limit then there's a tax. However, maximum tax saving is just in case you invest in other investments.

Tax saving on open-end fund

If you're an investor and you would like to save lots of on the taxes of open-end fund investments then you ought to believe the tax saving within the Indian market. you'll save tax on your investments in mutual funds through tax-saving instruments. There are three sorts of tax savings that you simply can accompany within the market which are SEBI A, B, and C. SEBI A is zero tax on dividend income. SEBI B may be a 1.5% tax on fund house profit. SEBI C may be a 2% tax on total dividend income. Tax Saving with Tax Saving Bonds One can save the taxes of your bond investments if you purchase these as per tax-saving offers offered by the tax department. As such, the income of dividends isn't taxed but interest income is taxed.

Tax saving options in India

What are tax-saving investments? There are numerous options available in India for tax-saving investment, i will be able to mention a number of them below:

Tax-Free Bonds: Tax-Free Bonds are an investment option that gives tax benefits to investors by way of – Tax exemption – Voluntary disclosure – Interest earned is exempt from taxes

NSC/National Saving Certificate: NSCs are the perfect option for tax-saving investment. NSC may be a tax-saving bond that's issued by the Federal Reserve Bank of India within the name of each salaried citizen. To avail of the advantages under this scheme, you would like to get a minimum of Rs 1,000 in NSC. you'll earn up to 10% interest annually from these savings bonds. this is often the simplest tax-saving investment option available in India today.

How to get maximum tax saving through investments

Tax saving instruments like equity funds, bonds, mutual funds, and life assurance plans need to be invested consistent with the investment objective and you would like to try to to this to save lots of maximum tax.

Let’s take a glance at how the investment plan must be devised and what are tax-saving investment options available to you to save lots of maximum tax.

Equity funds

Equity funds are managed by experts who have a bit of in-depth knowledge about the market and are required to pick the proper funds for your portfolio. It means you'll choose funds supported your financial position and goals. As a result, if your investments are in equity funds, you're sure to earn higher returns as compared to the other investment option within the market.

Fixed deposits

As I said before, a hard and fast deposit is an investment option that you simply can choose supported your financial position and goals. This investment option comes with the characteristics of the bank account . The FD rate of interest in India is presently around 8-10% p.a. and that’s the rationale why FDs are popular among the low incomes class of Indians.

Public Provident fund

PF may be a tax-saving investment option that you simply can choose supported your financial position and goals. PF has the characteristics of a bank account and its interest is paid monthly like other savings accounts within the country.

National Savings Certificate

NSC may be a tax-saving investment option that you simply can choose supported your financial position and goals. Interest on these certificates is said on an equivalent date as that of the tax return of the individual.

Sukanya Samriddhi Yojana

this is often an investment scheme where you'll invest till Rs 1 crore per child. Interest on these certificates are often declared quarterly like other fixed deposits within the market.

However, once you invest money during a savings scheme, like recurring deposit, recurring deposit for business, or fixed deposit, or another one, after the initial return, your investment grows in money. When the investment grows in its maturity period, you'll withdraw the quantity . But there are some tax-saving investment options that you simply can choose . If you've got a pension plan and you've got an inflation-linked bond, then it's an excellent investment option for you. There are some tax saving investment options in India like equity-linked saving schemes (ELSS), UTI open-end fund , tax saving on open-end fund , equity-linked savings scheme (ELSS), mutual fund, tax saving on equity open-end fund , tax saving in equity open-end fund , stocks and options, open-end fund and open-end fund for housing. For assistance associated with tax saving, you'll contact us.

[newsworldhub]

These schemes of NPS gave more than 20 percent return in 6 months

These schemes of NPS gave more than 20 percent return in 6 months

symbolic photo According to data from NPS Trust, NPS schemes like LIC Pension Fund, UTI Retirement Solution Fund, ICICI Pension Fund, Kotak Pension Fund, HDFC Pension Fund have given more than 20 per cent returns in the last six months. New Delhi. There are many options available in the market to secure your future financially after retirement. Through these investments, the expenses of life…

[newsmatters]

These NPS schemes deliver over 20% return in last six months

These NPS schemes deliver over 20% return in last six months

The National Pension System (NPS) Scheme has delivered 21.78 per cent in the last six months. This could become possible after the stellar performance by its prominent schemes like LIC Pension Fund, UTI Retirement Solution Fund, ICICI Pension Fund, Kotak Pension Fund and HDFC Pension Fund. According to the NPS Trust data available at its official website — npstrust.org.in, these NPS schemes have…

[perfectdocument]

Old Age Pension

Mature age acquires a great deal of new changes, one of them is retirement. After a specific age, a couple of assignments that appeared to be two or three years prior begins turning into a weight. During such occasions when it gets difficult to procure a compensation consistently, benefits plans go about as a rescuer.

One of the principle reasons why retirement can be stress some is monetary unsteadiness. Individuals who have gone through for their entire lives bringing in cash, frequently consider the possibility of retirement somewhat awkward. Remembering these variables, the public authority has dispatched different plans to guarantee monetary solidness and security after retirement. Benefits plans are uniquely intended to give certain monetary inclusion after retirement and to build up financial improvement in the country.

How about we view probably the best annuity plans for senior residents:

National Pension Scheme (NPS)

The NPS conspire was dispatched in the year 2004 by Pension Fund Regulatory and Development Authority of India (PFRDA). This administration annuity plot is intended to explicitly give monetary security to senior residents, post-retirement. This plan permits the supporters of make a normal commitment to their record while they are working and can profit the advantages of the customary annuity after their retirement. The endorsers can likewise make a halfway withdrawal from the public annuity framework account if there should be an occurrence of a crisis.

The public annuity conspire is accessible for all representatives including the public area, private area, and surprisingly the sloppy area aside from the individuals who work in the Armed Forces. The NPS conspire permits its endorsers of make a base commitment of Rs. 6000 in a monetary year. The sum can be paid as a singular amount or as a regularly scheduled payment of Rs 500, whatever is more advantageous for the endorser.

Qualification:

• Should be an Indian Citizen

• Minimum qualification age is 18 years and the most extreme age to open the record is 65 years

• Applicant ought to be a KYC objection

• Should not have a prior NPS account

Advantages of National Pension Scheme (NPS):

• A some portion of the commitment made towards the NPS conspire is put resources into values. This implies that the plan offers more significant yields when contrasted with some other traditional expense saving venture. The loan fee of this arrangement is 9%-12%, making it the best benefits plan in India for people who need to gather assets as long as possible, for a superior monetary security after retirement.

• The NPS plot needs to obligatorily contribute until the age of 60. Incomplete withdrawals are allowed following a long time from the date of opening the record, if there should arise an occurrence of a crisis, for example, – youngster's schooling, buying a house, or wellbeing related issues. The endorser can pull out up to 25% of the absolute commitment made, multiple times in the timespan years

• To acquire a standard annuity from PFRDA enlisted protection firm, it is obligatory to keep to the side 40% of the collected asset. 60% of the excess asset is tax-exempt

• The endorsers can pick the alternative of speculation and benefits store according to their requirements

• Offers ordinary observing and straightforwardness in speculation standards by the PFRDA

• National annuity framework gives a benefit to financial backers over other fixed-pay plans and furthermore offers charge exclusion under Section 80C and 80CCD of the Income Tax Act

Atal Pension Yojana (APY)

One of the many annuity plans by the public authority is the Atal Pension Yojana. This administration annuity conspire intends to give benefits a base commitment each month. The Atal annuity plot is mostly focused to the chaotic area and addresses the life span chances among the specialists of this area. The APY conspire urges the specialists to intentionally put something aside for their retirement by giving least commitment consistently.

Qualification:

• The candidate should go under the low-pay bunch or ought not go under the assessment section

• Suitable for all people between the age of 18 – 40 years

Advantages of Atal Pension Scheme:

• APY benefits plot is a government backed retirement conspire that empowers laborers from the chaotic areas to put something aside for their retirement by contributing a limited quantity consistently

• For each commitment made to the annuity store, the Central Government co-contributes half of the complete commitment or Rs. 1,000 for every annum, whichever is lower. The commitment will be made to each qualified candidate's record for a base time of 5 years. Albeit, the endorser needs to contribute for a time of 20 years or more

• On cases like the demise of the giver, the chosen one of the Atal annuity plan can guarantee collected whole or benefits cash

• APY plot gives fixed month to month annuity between Rs. 1,000 to Rs. 5,000 post retirement

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

The Pradhan Mantri Vaya Vandana Yojana gives government managed retirement and monetary freedom after retirement by offering a guaranteed pace of profit from the speculations. This annuity plot is just offered by the Life Insurance Corporation of India (LIC) and gives guaranteed gets back to 10 years. As per the 2018-19 spending plan, the public authority expanded the most extreme price tag to Rs. 15 lakhs.

Qualification:

• Applicant should be an Indian resident

• Must be over 60 years old

• Should be prepared to profit the approach term of 10 years

Advantages of Pradhan Mantri Vaya Vandana Yojana:

• The Pradhan Mantri Vaya Vandana LIC benefits conspire offers the recipient a guaranteed return of 8% per annum on the store

• The benefits or the return will be payable for a time of 10 years, the recipient can pick the residency of installment

• An individual can contribute up to Rs. 15 lakhs greatest and Rs. 1000 least in this LIC annuity plot

• In a case if the recipient bites the dust before the fruition of the residency, the chief sum will be credited to the designated recipient's record

• In instance of basic sickness, the recipient can select untimely exit. In such cases 2% punishment charge will be deducted

Understand More: Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

The public authority benefits plans for senior residents assume an imperative part in giving monetary security among the old while likewise starting financial improvement in certain pivotal spaces of society. Indira Gandhi National Old Age Pension Scheme is one such annuity plans in India. The plan was presented by the Ministry of Rural Development of India in 2007 and is prevalently known as the National Social Assistance Program (NSAP). The principle point of this plan is to give social insurance to its recipients by giving senior resident annuity, widow benefits and benefits for impaired individuals.

Qualification:

• Applicant ought to be 60 years old or higher

• The candidate should go under the low-pay or beneath destitution line bunch

• Must not have any normal wellspring of monetary help from relatives or different sources

Advantages of Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

• The conspire targets giving monetary help to senior residents, widows, and those with inabilities

• IGNOAP conspire gives senior residents of India a month to month benefits

• This plot is a non-commitment government benefits plan which implies that the recipient doesn't need to contribute any add up to get annuity

• A recipient between the age of 60-79 years will get a month to month measure of Rs 200. On the off chance that the recipient is over 80 years old, he/she will get am measure of Rs 500

• The benefits sum will be credited to the recipient's ledger or mail center record

Representative Pension Scheme (EPS)

The EPF benefits conspire was presented by the public authority in 1995 and is likewise called as the Employees Pension Scheme 1995. The EPS conspire was dispatched by the Employee's Provident Fund Organization (EPFO) and its primary point is to give federal retirement aide to the representatives. The old annuity plot gives benefits to the representatives working in the coordinated areas during their retirement i.e., after the age of 58 years. The advantages of which must be profited by workers who have served for a base time of 10 years (consistent or non-persistent).

The Different Types of EPS or EPF Pension Scheme:

• Widow benefits – Also known as Vridha annuity where the widow of the expired EPFO part is qualified for the benefits

• Child benefits – on the off chance that the EPF part is expired, their enduring youngsters become pertinent to get the month to month annuity until the kid turns 25 years of age

• Orphan annuity – on the off chance that the EPF part kicks the bucket and doesn't have an enduring widow, the offspring of the part get a benefits under the vagrant EPF annuity conspire

• Reduced annuity – The individual from the EPF benefits plan can pull out an early benefits on the off chance that he/she has achieved the age of 50 however are under 58 years of age, in particular in the event that they have made a functioning commitment for a very long time or more. For this situation, the annuity esteem is diminished to 4% rate each year

Qualification:

• Must be an EPFO part

• Must complete 10 years of dynamic assistance with equivalent long periods of dynamic commitment towards the plan

• Should be 58 years or above

Advantages of Employee Pension Scheme (EPS)

• Provides government backed retirement to the representatives

• Pension is given to the representatives working in the coordinated areas during their retirement or after the age of 58 years

• The EPS annuity conspire permits certain game plans for a part who needs to pull out the benefits reserves early

• EPFO record can be moved to the widow or offspring of the part on the off chance that the recipient passes on

Varishtha Pension Bima Yojana (VPBY)

Varishtha Pension Bima Yojana is an administration benefits plot that offers pay security just as an ensured pace of return. It gives annuity pay-outs to senior residents as an Immediate Annuity Plan. This plan is otherwise called LIC Varishtha Pension Bima Yojana since it is executed through Life Insurance Corporation of India. In the plan, the part needs to pay their preferred premium toward the start of the approach. When this premium is paid, they are qualified for a standard annuity. The Varishtha Pension Bima Yojana offers a guaranteed benefits dependent on an ensured pace of return of 8% per annum, for a time of 10 years. Here, the part can select the benefits on a month to month, quarterly, half-yearly or yearly premise.

Qualification:

• Available for residents matured 60 years or more

• No limit on the greatest age for this benefits

Advantages of Varishtha Pension Bima Yojana:

• All installments under this strategy are made by NEFT or ECS

• Offers a guaranteed benefits with an ensured loan cost of 8% per annum, which is higher than a large portion of the other senior resident annuity plans

• Different pay-out modes accessible for getting annuity for example month to month, quarterly, semi-yearly or yearly

• Free-look time of 15 days accessible from the date of receipt of the approach. In the event that the part wishes to pull out from the plan, the exceptional sum will be discounted (after derivation of stamp obligation charges)

• The expenses paid under this arrangement are charge absolved under Section 80C of the Income Tax Act

• A part can apply for a credit against the LIC Varishtha Pension Bima Yojana following a time of 3 years. The measure of advance offered will be up to 75% of the arrangement sum

• In case the policyholder bites the dust, at that point the top notch installment will be discounted to the life partner/chosen one