Introduction: Understanding the PAN Card

PAN (Permanent Account Number) is a crucial document in India for managing financial activities and taxes. Contrary to popular belief, there is no age restriction for obtaining a PAN card. This includes minors (individuals below the age of 18 years), who can also apply for a PAN card, thanks to the initiatives by the government to simplify financial inclusiveness.

The National Pension Scheme or NPS is open to all employees regardless of the sector they are working in. Besides, allowing one to save a retirement corpus, the NPS helps save 10% of the basic salary from tax deductions. Standing today, it is a voluntary scheme where you can select the pension fund managers of your choice. You can start with a minimum monthly contribution of only Rs. 500. Read on to learn in detail about NPS for experienced professionals. 

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Exiting from the National Pension System (NPS) can now be done effortlessly through the eNPS portal, eliminating the need for physical visits. By visiting the CRA portal and initiating an Exit Request, subscribers can upload their KYC documents and complete the process with an OTP and eSign. The process is straightforward and ensures a smooth transition out of the NPS, with detailed guidance available through the "NPS Ki Pathshala" podcast on Soundcloud.

Online shopping has become immensely popular in India due to its simple access and plethora of options. The Open Network for Digital Commerce (ONDC), which is backed by the government, has facilitated more than 49.79 million transactions since it officially began in January of last year.

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Navigating the intricacies of the National Pension Scheme (NPS) can be a daunting task for both employers and employees alike. From understanding the employer's contribution limits to grasping the additional tax benefits, there's a myriad of factors to consider when delving into the world of NPS.