As parents, we all want the best for our children, and that includes securing their financial future. The new NPS Vatsalya scheme, announced in the Union Budget 2024, offers a powerful way to do just that. 

What is NPS Vatsalya? 

NPS Vatsalya is a modified version of the National Pension System (NPS) specifically designed for minors.  It allows parents and guardians to open an NPS account for their children and contribute regularly until they turn 18. 

NPS, or the National Pension System, is a popular investment option offering tax benefits to individuals across different sectors, such as private and public. This scheme not only helps you build a sufficient corpus for your post-retirement needs but also provides various tax advantages. 

Whether you are a novice investor or a professional, maximising your NPS tax benefits can significantly enhance your long-term savings. In this comprehensive guide, you will learn about the process of NPS tax benefit calculation and other crucial details related to it. 

As the real estate industry undergoes a significant revolution, it is transitioning from traditional paper-filled desks to modern digital dashboards. At the forefront of this transformation stands eSignPro, the ultimate digital documentation suite which streamlines real estate transactions with the power of eSignatures. 

To identify each Indian taxpayer, the Income Tax Department is issuing Permanent Account Number (PAN), which serves as unique taxpayer identification number. PAN was introduced by ITD with the objective of improving tax compliance in the country by individuals and corporations through non-intrusive monitoring. The PAN card is also recognised as a valid form of identification for both Indian residents and NRIs. 

The Indian Government is gearing up to transform the agriculture sector with a groundbreaking initiative – the Digital Public Infrastructure (DPI) for Agriculture. This project, announced in the recent Union Budget, aims to empower farmers and revolutionise agricultural practices through the power of technology. 

This is a game-changer that promises to transform the sector. But what exactly is DPI, and how will it benefit farmers?

On July 23, 2024, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25. In a series of financial reforms, the government has unveiled significant changes aimed at revitalizing key sectors including agriculture, pension systems, and individual tax structures. Here, we will explore the budget's significant highlights and impact on taxpayers.

The National Pension System or NPS allows you to plan for a tension-free post-retirement life after the age of 60. Anyone can opt for this scheme and make a normal exit by utilising at least 40% of their corpus to purchase an annuity plan. The remaining 60% can be withdrawn as a lump sum. In this blog, you will learn about the various rules associated with NPS exit and methods set for all NPS subscribers. 

In today’s digital world, most educational institutions seek the necessity to incorporate new technology into operating educational and administrative levels. Students, teachers and parents are even becoming tech-aware, and most of their communication takes place digitally through computers, mobile phones or tablets.