IBP

The Pension Fund Regulatory and Development Authority (PFRDA) has made it mandatory for all National Pension System (NPS) subscribers to upload certain documents as of 1 April, 2023 to the Central Record-Keeping Agency (CRA) user interface before withdrawing the pension corpus. The new rules for withdrawal from the NPS will make annuity payments faster and …

New NPS withdrawal rules come into effect today: All you need to know .. indiabusinessport.com Read More »

PAN and Aadhaar number has become mandatory for making investments in small saving schemes like Public Provident Fund PPF), Sukanya Samriddhi Yojana (SSY), Post Office Saving Scheme, Senior Citizens Saving Scheme (SCSS), etc. The ministry of finance issued notification in this regard on 31st March 2023. These changes have been notified as part of KYC …

Aadhaar, PAN becomes mandatory for PPF, SSY other small saving schemes .. indiabusinessport.com Read More »

Income tax calculator: After ushering in new financial year from 1st April 2023, new income tax regime has become a by default tax regime for taxpayers. However, an earning individual will have the option to opt old income tax regime. From today, standard deduction of ₹50,000 per annum has also been extended in new income …

Income tax calculator: Changes in income tax slab for FY 2023-24 that you must know .. indiabusinessport.com Read More »

Senior Citizens Saving Scheme (SCSS): The Government of India (GoI) has announced small savings scheme interest rate effective from 1st April 2023. In this small savings interest rate from April 2023, the central government has raised Senior Citizens Saving Scheme interest rate to 8.20 per cent from SCSS interest rate of 8 per cent for …

Senior Citizens Saving Scheme: Interest rate, other changes from April 1, 2023 .. indiabusinessport.com Read More »

Public Provident Fund (PPF) interest rate: The Government of India (GoI) has announced small savings interest rates for Q1FY24 for various small saving schemes. While declaring small savings interest rates from April 2023, central government announced 10 bps to 70 bps interest rate hike for various small saving schemes, which include Senior Citizen Savings scheme, …

Public Provident Fund (PPF) interest rate left unchanged at 7.1%. How to get max return? .. indiabusinessport.com Read More »