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Retirement planning

All about Senior Citizens’ Savings Scheme

Senior Citizens' Savings Scheme Senior Citizens’ Savings Scheme (SCSS) is one of the best fixed deposit schemes for Retired Senior Citizens due to following reasons: backed by Government of India, so high safety, assured quarterly payments and ease of handling. This post provides details of rules and regulations for SCSS. Who can open SCSS? As the name states, anyone […] Continue reading →

NPS – Maturity, Partial Withdrawal & Early Exit Rules

NPS: Maturity, Partial Withdrawal and Early Exit Rules The government wants NPS (National Pension Scheme) to be the preferred investment vehicle for pension planning for majority of its citizens. Unfortunately as it happens with most of Government plans, NPS too has flaws which are holding investors back. To encourage investment in NPS, PFRDA (Pension Fund Regulatory and Development Authority) which regulates it have made […] Continue reading →

PPF Calculator for Maturity, Loan and Partial Withdrawal

PPF Calculator in Excel PPF (Public Provident Fund) is one of the most popular and one of the best debt investment instruments. We have Excel based calculator for PPF Withdrawal, Loan and Maturity. PPF Calculator: This PPF calculator can calculate the maximum loan eligibility, partial withdrawal eligibility and the maturity value at the end of 15 years. It takes […] Continue reading →

Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)?

Should you Invest in NPS to Save Tax u/s 80CCD (1B)? Budget 2015 has introduced a new section 80CCD (1B) which gives deduction up to Rs 50,000 for investment in NPS (National Pension Scheme) Tier 1 account from next financial year of FY 2015-16. This new deduction can help you save tax up to Rs 15,450 in case you are in the 30% tax slab. The question […] Continue reading →