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NPS Deduction Budget 2023: Will Budget 2023 hike NPS deduction to 14% for private sector employees? [ad_1] The National Pension System (NPS) is a voluntary retirement savings scheme initiated by the Government in the year 2004 and it is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). NPS was initially restricted to government employees and was further made ...

Insurance Sector Budget Expectations: Budget 2023: Income tax sops for health, life insurance policyholders; GST cut, what insurance industry wants [ad_1] Finance Minister Nirmala Sitharaman will present Union Budget 2023 on February 1, 2023. Insurance related expenses form a good part of individual taxpayer’s household budget. Amid high inflation and rising medical costs, the common man is expecting a host ...

Inoperative Ppf Account Active: How to activate inoperative PPF account [ad_1] The Public Provident Fund (PPF) offers a set rate of return, which is currently 7.1% and is announced every quarter. The Income Tax Act’s Section 80C exempts up to Rs 1.5 lakh of PPF investments annually from taxation. The annual interest as well as the maturity amount are both ...

What taxpayers want from Budget 2023| EconomicTimes [ad_1] Increase in tax exemption limit for health insurance With increase in the cost of medical treatment, medical insurance premiums have also shot up especially after the novel coronavirus pandemic. Hence, to encourage citizens to procure medical insurance, the government could consider enhancing the deduction limit under section 80D from Rs 25,000/Rs 50,000 ...

RBI net bought US dollars for first time in five months in November The Reserve Bank of India (RBI) net purchased US dollar worth $4.36 billion in the domestic currency market in November 2022, marking the first time since May 2022 that the central bank net bought the US currency.   The RBI purchased US dollar ...

How to transfer money from an NRO to an NRE account [ad_1] The Non Resident External (NRE) account and the Non Resident Ordinary (NRO) account are how NRIs handle their expenses in India. Most banks offer a facility to transfer money from NRO to NRE account. What is NRO and NRE accountThe NRO account is primarily used to deposit money ...

FinMin exhorts PSBs to achieve financial inclusion targets for FY23 The finance ministry on Thursday exhorted public sector banks (PSBs) to achieve their financial inclusion targets allotted to them for 2022-23. In a full day review meeting of heads of Public Sector Banks (PSBs) and financial institutions chaired by Department of Financial Services (DFS) secretary Vivek Joshi, discussions ...

Finding Rs 1 crore health insurance cover costly? A Rs 50k voluntary deduction can reduce premium by up to 35% [ad_1] What can potentially derail your household finance — a loss of Rs 50,000 or a loss of Rs 20 lakh? The answer will clearly be Rs 20 lakh. What if the same principle was to be applied to health ...

Joshimath subsidence: Irdai asks insurers to expeditiously settle claims Regulator Irdai on Thursday asked insurance companies to take steps for expeditious settlement of claims of loss to property due to subsidence and landslides in the calamity-affected areas in Uttarakhand. The Insurance Regulatory and Development Authority of India (Irdai) has issued the circular for general insurers in ...

How to open National Savings Certificate (NSC) account online [ad_1] How to open National Savings Certificate (NSC) account online [ad_2]