Everything You Need to Know about National Pension System

The National Pension System (NPS) is a Central Government scheme that allows individuals to invest during their earning years in order to receive a pension after they have retired. Pension is generally available to those who are employed by the government, but rarely for those who work in the private sector or the unorganised sector. The NPS aims to fill this gap by allowing everyone to prepare for a pension during retirement.

Tax benefits of investing in NPS


Investments of up to ₹1.5 lakh in the National Pension Scheme qualify for tax deductions under Section 80C. Furthermore, investments of up to ₹50,000 can be further claimed for deductions under Section 80CCD(1B).
**Money wise asset management adviser is available on 09906339912 and 0191 - 2475743

Comments

Post a Comment

Popular posts from this blog

What are SIPs and how it helps in wealth creation?

What are SIPs and how it helps in wealth creation? As we have already discussed in my previous blog about SIP Investments, I am sharing below post as reminder. Over the past twenty years or so, mutual fund  systematic investment plans  have gained tremendous popularity and have one of the most favored investment choices for retail investors in India. There are a number of advantages in the SIP mode of investing:- The biggest advantage SIP is enabling disciplined investing from your regular monthly savings. You do not have to wait to accumulate a large savings corpus to start investing in mutual funds. You can start with a SIP of just Rs 1,000. Investing small amounts systematically over long periods of time can create substantial wealth for investors through the  power of compounding . We will discuss power of compounding in more details later in this post. The second major advantage of SIP is the  convenience ....
Read more

What is a Covered Call Strategy?

What is a Covered Call Strategy? Let’s consider that you are an investor or you own a property  Now  We will go over a Covered Call Strategy to see how you can profit. In property contest : Imagine you own a  property  and  want to rent it out and even ready to sell the property at predefined price. In this case you will bet on a particular price  and if the price is  achieved  or over  achieved  then you have to sell the property at predefined price.    Imagine you own shares of a company. You feel the stock may rise in the long run but not much in the near term. You would still like to earn an income from the shares in the near term though.  Suppose you are holding 100 shares of ABC company trading at Rs 50 in May. You are bullish on your holdings but are also worried about the downside i.e losses if there is fall in the price. In such a scenario, you can implement a Covered Call option strategy by selling...
Read more

9 top reasons why health insurance claims get denied and steps to overcome them

 The following are some common reasons why most health insurance claims get rejected. We have also advised the steps you should take to avoid rejection.   1) Incorrect information or misrepresentation   While filling out the health insurance application form, you should ensure that all the information you are filling out is accurate. There should be no intentional or unintentional misrepresentation of any information; else, it can lead to claim rejection. The information may be about your:   a. Age,   b. Income,   c. Existing medical insurance policies,   d. Profession (specifically if you are in a hazardous occupation),   e. Hobbies (specifically if you are into adventure sports like hiking or scuba diving), etc.   All the above is material information for the health insurance company to decide whether they should accept the health insurance application and at what premium.   You should fill out the application form yo...
Read more