
RBI warns states against old pension scheme, calls it 'major risk'
The development comes at a time when Congress-ruled states like Himachal Pradesh, Chhattisgarh and Rajasthan have opted to roll out the old pension scheme.
The development comes at a time when Congress-ruled states like Himachal Pradesh, Chhattisgarh and Rajasthan have opted to roll out the old pension scheme.
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
NPS provides flexibility of investing in a mix of asset classes, including equities, government securities, corporate bonds, and alternative assets. Here's how category winners played the game.
While DA is given to government employees, DR is given to government pensioners. Dearness relief is calculated twice a year in March and September.
The total pension assets under management grew by 27.43% year-on-year to ₹7.36 lakh crore by the end-March 2022, as per the finance ministry data.
The pay-as-you-go scheme for pension is supposed to be a whacking on the finances of the current generation of taxpayers.
Young subscribers joining the APY scheme at an early age are required to pay a lesser monthly subscription amount compared to the subscriber joining at a later age.