The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). NPS was made available to All Citizens of India from May 01, 2009. Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, has appointed Protean eGov Technologies Limited as Central Recordkeeping Agency (CRA) for National Pension System. CRA is the first of its kind venture in India which will carry out the functions of Record Keeping, Administration and Customer Service for all subscribers under NPS. CRA shall…
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Invest in ELSS to save tax under Section 80C
Every taxpayer wants to save tax as income tax for their income. There are many ways to save tax according to income tax act 1961. The most common way to save under section 80C up to 1.5 lac per annum, like Employee’s share of PF contribution, NSCs, Life Insurance Premium payment, Children’s Tuition Fee, Principal Repayment of home loan, Investment in Sukanya Samridhi Account, ULIPS, ELSS, Sum paid to purchase deferred annuity, Five year deposit scheme, Senior Citizens savings scheme, Subscription to notified securities/notified deposits scheme, Contribution to notified Pension…
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