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29 May 2015

NPS Solutions

SBI m cash New way of sending cash

18 May 2015

Re engage of MIS in MRC s DEO ORDERS

National pension system NPS


Get additional tax benefit of up to Rs. 50,000 a year under Section 80CCD which is over the limit of Rs. 1.5 Lakh under Section 80C of Income Tax Act.

ILLUSTRATION : To Know how much pension you will get in National Pension System (NPS) once you retire.
Your Present Age : 30 Years
Your Expected Retirement Age : 60 Years
Investment Amount : Rs.2,000 per month
(To avail maximum tax benefit, contribute 10% of your Basic income + DA towards NPS ) Assumed Rate of Return : 8%
On reaching your retirement at : 60 years
The Principal amount you have paid is : Rs.7,20,000 
Interest earned on your Investment is (on monthly compounded basis) is : Rs.22,48,609 
Total Tax saved is : Rs.2,16,000 
Total Pension Accumulated is : Rs.29,68,609

Highlights:

 Regulated by pension fund...(PFRDA), Statutory body by an Act of Parliament 
 Minimum annual contribution of Rs. 6000 a year 
 Choose your Fund Manager
 Choose your allocation between Equities, Govt. Bonds & Govt. Securities
 Start getting pension after age 60
 Minimum term 10 years

PRC GO -not included additional pent ion to Pentioners

UTF KRISHNA UNIT REPRESENTATION TO APGLI JOINT DIRECTOR ON LOANS AND OTHER ISSUES

UTF KRISHNA UNIT REPRESENTATION ON APGLI 18.5.2015.pdf