#Atal Pension Scheme

[poonamranius]

Atal Pension Scheme Apply Online 2022 : अटल पेंशन योजना हर साल मिलेंगे

Atal Pension Scheme Apply Online 2022 : अटल पेंशन योजना हर साल मिलेंगे

अटल पेंशन योजना ऑनलाइन लागू करें : Atal Pension Scheme Apply Online अगर अटल पेंशन योजना का ग्राहक पेंशन राशि को अपग्रेड या डाउनग्रेड करना चाहता है तो इसके लिए एनएसडीएल की वेबसाइट उपलब्ध कराई जाती है। जानिए रिटायरमेंट के बाद 5000 की पेंशन पाने के लिए आपको कितना जमा करना होगा। Atal Pension Scheme Apply Online अटल पेंशन योजना ऑनलाइन लागू करें अटल पेंशन योजना (APY) के तहत 60 साल की उम्र के बाद हर…

[onlinetrendspro]

Atal Pension Yojana के अंतर्गत मिलेंगे 5000 रुपए प्रति माह की पेंशन, जाने कैसे मिलेगा लाभ

Atal Pension Yojana: https://combonews.in/under-atal-pension-yojana-you-will-get-a-pension-of-rs-5000-per-month-know-how-to-get-the-benefit/

[takapoysanews]

Atal Pension Yojana Benefits। অটল পেনশন যোজনা স্কিমের মাধ্যমে বছরে পাবেন ₹60000 হাজার টাকা, কিভাবে আপনিও পাবেন বিশদে জেনে নিন।

[atulksposts]

How Accurate Is the Atal Pension Yojana Calculator?

The accuracy of the Atal Pension Yojana (APY) Calculator, particularly on the Investkraft website, is generally reliable. This online tool estimates the pension amount one can receive under the APY scheme based on inputs like age, contribution amount, and the chosen pension plan. While it provides a useful estimate, it's essential to understand that the final pension amount may vary slightly due to factors such as changes in government regulations or economic conditions. However, Investkraft strives to keep its calculator updated to reflect any such changes, ensuring users get as accurate a prediction as possible. Overall, while the APY Calculator offers valuable insights into potential pension benefits, it's advisable to consult with financial experts for a comprehensive retirement planning strategy.

[slnconsultancy]

How to Integrate PF with Other Financial Planning Tools

SLNPFConsultancy #SLNESIConsultancy #SLNPFESIConsultancy #PFConsultancyHyderabad #BestPFConsultancy

A Provident Fund (PF) is a government-mandated retirement savings scheme designed to help employees accumulate a corpus for their post-retirement years. While contributing to PF is crucial for long-term financial security, it’s equally important to integrate it with other financial planning tools for a holistic approach to wealth management. Combining PF with other investments and financial strategies can maximize returns, minimize risks, and ensure that you achieve your financial goals.

Here’s how you can effectively integrate your PF with other financial planning tools:

Assess Your Retirement Needs Before integrating PF with other financial tools, it’s essential to understand your retirement needs. Start by calculating the amount you’ll need for a comfortable retirement, taking into account inflation, lifestyle expenses, and medical costs.

Use a Retirement Calculator: This tool can help you determine how much you need to save based on your current age, expected retirement age, and desired post-retirement income. PF Contribution: Once you have your retirement goal, calculate how much of that goal will be covered by your PF contributions. The Employee Provident Fund (EPF) offers a fixed interest rate, which helps grow your corpus over time. However, relying solely on PF might not be sufficient for a comfortable retirement, making it crucial to combine it with other investment tools.

Link PF with Pension Plans While PF provides a lump sum at the time of retirement, integrating it with pension plans ensures a regular income stream during retirement.

National Pension System (NPS): NPS is a government-sponsored pension scheme that offers tax benefits and allows you to create a diversified portfolio by investing in equities, corporate bonds, and government securities. The combination of PF and NPS ensures both a lump sum amount and regular income post-retirement. Atal Pension Yojana (APY): This government-backed scheme provides pension benefits, which can be a useful addition to PF, especially for individuals in the lower-income bracket. It offers a guaranteed pension based on contributions. By combining PF with NPS or APY, you can create a balanced post-retirement income structure, mitigating the risk of outliving your savings.

Combine PF with Mutual Funds Mutual funds offer flexibility, diversification, and potentially higher returns compared to traditional savings schemes. While PF is a low-risk, fixed-income tool, adding equity-oriented investments like mutual funds can help accelerate wealth accumulation.

Systematic Investment Plans (SIPs): A SIP in mutual funds allows you to invest a fixed amount regularly, which can grow over time. Since PF predominantly grows through fixed interest rates, SIPs in equity mutual funds can help combat inflation and provide higher returns. Balanced Funds: These funds invest in both equities and fixed-income securities, providing growth and stability. By investing in balanced funds, you can bridge the gap between the safety of PF and the higher risk-reward of equity markets. Integrating PF with mutual funds ensures that you have both stability and growth in your financial portfolio.

Leverage Tax-saving Instruments PF contributions are eligible for tax benefits under Section 80C of the Income Tax Act. However, you can maximize tax benefits by integrating PF with other tax-saving tools.

Public Provident Fund (PPF): PPF is a long-term savings scheme that offers tax-free returns. While both PF and PPF fall under Section 80C, investing in PPF can further boost your retirement corpus, given its safety and tax-free interest. Equity-Linked Savings Scheme (ELSS): ELSS mutual funds offer tax benefits under Section 80C and have the potential to generate higher returns than PF. While ELSS carries a higher risk due to its equity exposure, its lock-in period of three years is shorter compared to PPF, making it an attractive option for long-term growth. By diversifying your portfolio with tax-saving tools, you can reduce your tax liability while growing your wealth.

Utilize Health Insurance Plans Retirement planning is incomplete without factoring in healthcare costs. Medical expenses can significantly drain your retirement savings if not planned for in advance.

Health Insurance Plans: While PF and pension schemes help cover your living expenses, a robust health insurance plan ensures that unexpected medical bills don’t erode your retirement corpus. Critical Illness Insurance: In addition to regular health insurance, consider purchasing a critical illness plan that provides a lump sum payout upon diagnosis of severe illnesses like cancer or heart disease. This can protect your PF savings from being depleted due to medical emergencies. Integrating health insurance with your PF contributions provides financial security against unforeseen healthcare costs during your retirement years.

Real Estate and Gold as Diversification Tools Diversifying your investments is critical for managing risk. Along with PF, real estate and gold can be valuable tools to diversify your financial portfolio.

Real Estate: Investing in real estate offers rental income and long-term appreciation. Post-retirement, rental income can serve as an additional source of cash flow, supplementing the income from PF or pension schemes. Gold Investments: Gold has historically been a hedge against inflation and market volatility. Including gold in your portfolio, whether through physical gold or digital gold investments, can add stability and act as a store of value. Real estate and gold provide diversification beyond financial instruments, balancing your overall financial risk.

Create an Emergency Fund Your PF contributions are primarily for retirement, but it's important to have an emergency fund for unforeseen financial setbacks.

High-yield Savings Account: Keeping your emergency fund in a high-yield savings account or a liquid fund allows easy access while earning moderate returns. This ensures that your PF remains untouched for retirement purposes. Fixed Deposits (FDs): FDs are another safe option for an emergency fund. While they don’t offer high returns, their safety and liquidity make them reliable for unexpected financial needs. Having an emergency fund ensures that you don’t have to dip into your PF or long-term investments for immediate expenses.

Conclusion Integrating PF with other financial planning tools like pension schemes, mutual funds, tax-saving investments, health insurance, and real estate provides a well-rounded approach to financial planning. While PF offers safety and guaranteed returns, these additional tools ensure diversification, tax efficiency, and protection against risks like inflation and medical emergencies. With a holistic financial strategy, you can build a robust retirement corpus and achieve financial security for your golden years.

[xnewsinfo]

Ukrainian President Volodymyr Zelenskyy addresses a press convention after assembly with Prime Minister Narendra Modi, in Kyiv on August 23, 2024. | Picture Credit score: ANI Insured pensions are again in pressure as the federal government backtracks on the brand new pension planThe NDA authorities on Saturday (24 August 2024) reversed a 21-year-old reform of India’s civil companies pension system boldly launched by the Atal Behari Vajpayee authorities, unveiling what it referred to as a brand new ‘Unified Pension Scheme’ (UPS) that's just about much like the Previous Pension Scheme, and assures authorities workers 50% of their final earned wage as month-to-month profit for all times.Zelensky seeks alliance with India to provide drones and digital warfare techniquesUkrainian President Volodymyr Zelenskyy has referred to as for elevated cooperation with India on cutting-edge applied sciences in numerous areas, together with agriculture, cybersecurity and defence, stressing co-production of drones and digital warfare techniques, amongst others. He mentioned he mentioned these points throughout talks with Prime Minister Narendra Modi.NASA decides to maintain astronauts Sunita Williams and Butch Wilmore in area till FebruaryNASA selected Saturday (August 24, 2024) It is too dangerous to deliver two astronauts again to Earth in Boeing's troubled new capsule, and so they'll have to attend till subsequent 12 months for a visit residence with SpaceX. What was purported to have been a weeklong check flight for the pair will now final greater than eight months.CBI begins polygraph assessments on seven folks linked to Kolkata rape-murder caseThe Central Bureau of Investigation (CBI) on Saturday (August 24, 2024) started the method of conducting polygraph assessments on seven individuals in reference to the rape and homicide of a physician at RG Kar Medical Faculty and Hospital (MCH). Nicobar undertaking is not going to disturb or displace tribals: Atmosphere Minister Bhupendra Yadav The event of a port and airport on the pristine Nicobar Islands “is not going to disturb or displace” any of the Shompen, one of many weak indigenous tribes native to the island, in keeping with Atmosphere Minister Bhupendra Yadav. He provided these assurances in a written response this week to issues raised by Rajya Sabha MP and Congress spokesperson Jairam Ramesh earlier this month. Cupboard approves plan to spice up biotech manufacturingOn Saturday (August 24, 2024), the Union Cupboard accepted a proposal to spice up biotechnology-based manufacturing, referred to as the BioE3 (Biotechnology for Economic system, Atmosphere and Employment) Coverage to encourage high-performance biomanufacturing. The intention, to be led by the Division of Biotechnology, is for it to catalyse a technological revolution “similar to the IT trade revolutionised life within the Nineties”, in keeping with an inside memo seen by The Hindu saying.Rajnath Singh interacts with US defence trade leadersOn the second day of his go to to the US, Defence Minister Rajnath Singh interacted with high leaders of US defence firms at a roundtable in Washington and outlined the varied rising alternatives for co-development and co-production within the sector in India. IAF airlifts our bodies of 25 Indians killed in street accident in NepalAn Indian Air Power navy transport plane on Saturday (24 August 2024) introduced the stays of 25 Indian pilgrims from Bharatpur, Nepal to Jalgaon, Maharashtra. The Indians died in a tragic bus accident on Friday in Tanahun district, Nepal, about 115 kilometres from Kathmandu.Sanjay Ok. Jha says they do not need to underclassify SC quotas, however assist the underprivileged Janata Dal (United) nationwide working president Sanjay Ok. Jha discusses his social gathering's stand on the Waqf Invoice, lateral entry into the Union Public Service Fee (UPSC), sub-categorisation of scheduled castes and the necessity for a caste census. Dismissing questions on the psychological acuity of Bihar Chief Minister and JD(U) chief Nitish Kumar, he mentioned the social gathering will not be but in search of his successor. The best variety of H1N1 deaths are reported in Punjab, Kerala and Gujarat Punjab (41), Kerala (34) and Gujarat (28) high the listing of states which have recorded the utmost variety of deaths on account of influenza A (H1N1), in keeping with the newest figures launched by the Nationwide Centre for Illness Management (NCDC), which compiles information from throughout India. After a traumatic fortnight, Bangladesh's media is slowly returning to regularOn August 19, a gaggle of males arrived on the East-West Media GroupIn central Dhaka, protesters stormed Sheikh Hasina’s workplace and vandalized it. Additionally they injured a journalist and threatened these current. The media home within the Bashundhara neighborhood homes a number of of Bangladesh’s main newspaper and tv networks which have weathered Sheikh Hasina’s harsh media and social media insurance policies and managed to thrive over the previous decade and a half.German police arrest knife assault suspect as Islamic State claims duty for assaultGerman police on Saturday (24 August 2024) arrested the suspect in a knife assault that left three folks lifeless at an area competition in an assault claimed by the Islamic State group. The attacker fled after placing within the western metropolis of Solingen late on Friday (23 August 2024), sparking a day-long manhunt.

[sonalj]

Income Tax Deductions List - FY 2023-24 (AY 2024-25) | Kotak Life

It is essential to understand the exemption in income tax to maximize your savings. While many are familiar with Section 80C, numerous other allowances can significantly reduce your tax liability. This extensive blog post takes you through various exemptions available under the Income Tax Act in a simple manner, making it easy to plan your taxes effectively.

What are Tax Deductions? Tax deductions are specific expenses or investments that reduce an individual’s taxable income, thus lowering the amount of income tax they are required to pay. The government allows these deductions to encourage individuals to save and invest, purchase insurance policies, and contribute to specific funds and schemes.

Income Tax Deductions on Investments Under Section 80C Investment instruments offer tax-saving opportunities under the provisions of the Income Tax Act of 1961. Every financial year, taxpayers can potentially reduce their taxable income by up to ₹1.5 lakh through deductions available under Section 80C.

Section 80C deductions apply to individuals and Hindu Undivided Families (HUFs), allowing them to claim a maximum deduction of ₹1.5 lakh from their total income. As per the latest budget reforms, individuals adhering to the old tax regime can continue to benefit from deductions amounting to ₹1.5 lakhs under Section 80C.

It Is important to note that these deduction rules do not apply if taxpayers have opted for the new tax regime.

Income Tax Deductions List in India Understanding the various deductions available under the Income Tax Act is essential for taxpayers to optimize their tax planning strategies effectively. Here is the list of income tax deductions available in India:

Income Tax Deduction Under Section 80C Section 80C is one of the most popular tax-saving provisions in India. Under this section, taxpayers can claim deductions up to ₹1.5 lakhs in a financial year. Some eligible investments and expenditures under Section 80C include:

a. Employee Provident Fund (EPF)

b. Public Provident Fund (PPF)

c. Equity-Linked Savings Scheme (ELSS)

d. National Savings Certificate (NSC)

Income Tax Deduction Under Section 80CCC Under Section 80CCC of the Income Tax Act, individuals can claim annual deductions of up to ₹1.5 lakh for contributions to designated pension plans offered by term life insurance companies. However, this deduction is subject to the overall limit specified under Section 80C of the Act.

Income Tax Deduction Under Section 80CCD This section includes the contribution to the Atal Pension Yojana. It allows a contribution of up to 10% of the total salary of salaried employees and 20% of the gross income of non-salaried employees to the government-notified pension schemes. The contribution can be deducted from the taxable income under Section 80 CCD (1). If the employer also contributes to the scheme, the entire contribution amount can be claimed as a tax deduction under Section 80CCD (2).

It is important to remember that the complete deduction under Section 80C, Section 80CCC, and Section 80CCD (1) cannot exceed ₹15,00,000 in aggregate. However, the additional tax deduction amounting to ₹50,000 under Section 80CCD (1B) is above this limit.

[believersia]

Important Government Schemes for UPSC 2024

When preparing for the UPSC exams, a thorough understanding of various government schemes is crucial. Here’s a detailed look at some significant schemes you should focus on for the 2024 examination:

1. Pradhan Mantri Jan Dhan Yojana (PMJDY)

Objective:

To ensure access to financial services, namely Banking/Savings & Deposit Accounts, Remittance, Credit, Insurance, and Pension in an affordable manner.

Key Features:

Account Opening: Zero balance savings accounts.

RuPay Debit Card: Free issuance to all account holders.

Overdraft Facility: Up to ₹10,000 is available after six months of satisfactory operation.

Insurance Cover: Accidental insurance cover of ₹2 lakh and life cover of ₹30,000 for accounts opened up to 28th August 2018.

Achievements:

Increased financial inclusion.

Enabled direct benefit transfers.

2. Atal Pension Yojana (APY)

Objective:

To create a universal social security system for all Indians, especially the poor, the under-privileged, and workers in the unorganized sector.

Key Features:

Age Eligibility: 18 to 40 years.

Pension Benefits: Minimum guaranteed pension ranging from ₹1,000 to ₹5,000 per month.

Contribution Period: Minimum of 20 years.

Government Co-contribution: 50% of the total contribution or ₹1,000 per annum, whichever is lower.

Achievements:

Promoted retirement savings among unorganized sector workers.

Enhanced social security.

3. Pradhan Mantri Awas Yojana (PMAY)

Objective:

To ensure housing for all by 2022 by providing affordable housing to the urban poor.

Key Features:

Beneficiary Categories: Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group (MIG).

Subsidy: Credit-linked subsidy for home loans taken by eligible urban poor to buy, construct, or renovate a house.

Technology Sub-Mission: Promotes use of modern, innovative, and green technologies and building materials.

Achievements:

Significant increase in housing development projects.

Improved living conditions for the urban poor.

4. Ayushman Bharat Yojana (PM-JAY)

Objective:

To provide health cover of ₹5 lakh per family per year for secondary and tertiary care hospitalization to over 10 crore poor and vulnerable families.

Key Features:

Coverage: Covers both pre-hospitalization and post-hospitalization expenses.

Cashless and Paperless: Services across all public and empaneled private hospitals.

E-Cards: Issued to the beneficiaries for access to healthcare services.

Achievements:

Improved access to quality healthcare.

Reduced out-of-pocket expenditure for medical treatments.

5. Swachh Bharat Mission (SBM)

Objective:

To achieve universal sanitation coverage and to put focus on sanitation.

Key Features:

Gramin (Rural): Focus on eliminating open defecation through construction of household-owned and community-owned toilets.

Urban: Focus on 100% scientific management of municipal solid waste.

Behavioral Change: Extensive Information, Education and Communication (IEC) activities to promote hygiene practices.

Achievements:

Increased toilet coverage in rural areas.

Enhanced cleanliness and hygiene across urban areas.

6. Beti Bachao Beti Padhao (BBBP)

Objective:

To address the declining Child Sex Ratio (CSR) and related issues of women empowerment over a life-cycle continuum.

Key Features:

Multi-Sectoral Action: Involvement of Ministries of Women and Child Development, Health & Family Welfare, and Human Resource Development.

Focus Areas: Enforcement of Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act, promoting girl child education, and generating awareness about gender equality.

Achievements:

Improved awareness and advocacy on gender equality.

Positive changes in the Child Sex Ratio (CSR).

7. Make in India

Objective:

To transform India into a global design and manufacturing hub.

Key Features:

Sectors: Focus on 25 sectors including automobiles, textiles, biotechnology, and electronics.

Ease of Doing Business: Simplification of policies and regulations to attract foreign investment.

Skill Development: Initiatives to develop skills required for manufacturing and other sectors.

Achievements:

Increased Foreign Direct Investment (FDI).

Boosted manufacturing sector growth.

8. Skill India Mission

Objective:

To provide market-relevant skills training to over 40 crore youth by 2022.

Key Features:

Pradhan Mantri Kaushal Vikas Yojana (PMKVY): Short-term training and recognition of prior learning.

National Skill Development Corporation (NSDC): Facilitates private sector participation in skill training.

Skill Loan Scheme: Financial assistance for skill training programs.

Achievements:

Enhanced employability of the workforce.

Bridged the skills gap in various sectors.

9. Digital India

Objective:

To transform India into a digitally empowered society and knowledge economy.

Key Features:

Digital Infrastructure: High-speed internet, digital identity (Aadhaar), and mobile connectivity.

E-Governance: Online access to government services.

Digital Literacy: Initiatives like the National Digital Literacy Mission (NDLM).

Achievements:

Improved access to government services.

Increased digital literacy and internet penetration.

10. Jal Jeevan Mission

Objective:

To provide safe and adequate drinking water through individual household tap connections by 2024 to all households in rural India.

Key Features:

Community Participation: Involvement of local communities in water management.

Sustainable Water Supply: Focus on sustainable water sources and efficient use of water.

Technological Intervention: Use of technology in monitoring and ensuring water quality.

Achievements:

Increased household tap connections.

Enhanced water supply management in rural areas.

Familiarize yourself with these schemes, understand their objectives, features, and achievements, and keep abreast of any updates or new schemes introduced by the government. This will not only help you in the UPSC exams but also in understanding the broader context of India’s developmental policies.

[bhaskarlive]

Atal Pension Yojana adds record 12.2 million new members in 2023-24

A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory and Authority (PFRDA).

According to APY data, around 70.44 per cent of the total enrolments in the scheme has been done by public-sector banks, 19.80 per cent by regional rural banks, 6.18 per cent by private sector banks, 0.37 per cent by payment banks, 0.62 per cent by small finance banks and 2.39 per cent by cooperative banks.

Source: bhaskarlive.in

[tellintruth]

Financial Inclusion

Financial Inclusion is described as the method of offering banking and financial solutions and services to every individual in the society without any form of discrimination. It primarily aims to include everybody in the society by giving them basic financial services without looking at a person's income or savings. Financial inclusion chiefly focuses on providing reliable financial solutions to the economically underprivileged sections of the society without having any unfair treatment. It intends to provide financial solutions without any signs of inequality. It is also committed to being transparent while offering financial assistance without any hidden transactions or costs.

Pradhan Mantri Jan Dhan Yojana (PMJDY)

Atal Pension Yojana (APY)

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Stand Up India Scheme

Pradhan Mantri Mudra Yojana (PMMY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Sukanya Samriddhi Yojana

[anjali110385]

Social Security Schemes in India

Social security schemes in India play a crucial role in providing financial protection and support to individuals and families in times of need. These schemes aim to promote social welfare, reduce poverty, and ensure a basic standard of living for all citizens. Some of the key social security schemes in India and their benefits include:

Employees' Provident Fund (EPF): EPF is a retirement benefits scheme that provides financial security to employees in the organized sector. It helps employees build a corpus for retirement through regular contributions from both the employer and employee. Read more about social security schemes here.

Employees' State Insurance (ESI): ESI provides medical, maternity, disability, and other benefits to employees and their dependents. It ensures access to healthcare services and financial support during emergencies.

National Social Assistance Programme (NSAP): NSAP includes schemes like the Indira Gandhi National Old Age Pension Scheme, the Indira Gandhi National Widow Pension Scheme, and the Indira Gandhi National Disability Pension Scheme. These schemes provide financial assistance to elderly, widows, and disabled individuals who are below the poverty line.

Pradhan Mantri Suraksha Bima Yojana (PMSBY): PMSBY is an accident insurance scheme that provides a cover of Rs. 2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): PMJJBY is a life insurance scheme that provides a cover of Rs. 2 lakh in case of death due to any reason.

Atal Pension Yojana (APY): APY is a pension scheme for workers in the unorganized sector, providing them with a guaranteed minimum pension amount based on their contributions.

National Pension System (NPS): NPS is a voluntary, long-term retirement savings scheme that allows individuals to create a retirement corpus through regular contributions during their working years.

These schemes provide a safety net for individuals and families, ensuring financial stability during various life stages such as old age, disability, and death. They also promote financial inclusion and help reduce income inequality by providing access to financial services for all sections of society.

[theshillongtimes]

FM Sitharaman rebuts Congress charges on Atal Pension Yojana

New Delhi, March 26: Finance Minister Nirmala Sitharaman, in a strong rebuttal to Congress charges on the Atal Pension Yojana (APY) on Tuesday, described it as a scheme based on ‘best practice choice architecture’ and also underlined the fact that the APY subscribers are getting guaranteed 8 per cent return every year.

[parentnashik]

Atal Pension Yojana: Deposit Rs 210 every month, get Rs 5,000 every month after retirement, know complete scheme

Atal Pension Yojana: Deposit Rs 210 every month, get Rs 5,000 every month after retirement, know complete scheme

[rohanch141]

Atal Pension Yojana – Scheme Details, Features & Benefits

The central government of India launched its Atal Pension Yojana (APY) in FY2015-16 to consolidate the social security of the working poor. This scheme replaced the previously announced Swavalamban Scheme, as earlier, the beneficiaries used to face complexities while redeeming their benefits