Budget 2015: Here's why you should invest in New Pension System now

Budget 2015: Here's why you should invest in New Pension System now The Budget has proposed an additional deduction of Rs 50,000 if you invest in the NPS. Find out how and why you should invest in the scheme. 10 things to know about the New Pension System Any resident Indian or NRI aged 18-55 years can open an NPS account at a point of presence (POP). This can be a post office, a bank or a distributor. Are you reporting all your interest income? You are allowed to report interest income either on cash or accrual basis—you can account for the income either when you receive it or when interest is due. Budget 2015: How over Rs 10 lakh a year can be tax free If one adds up all these deductions, exemptions and tax-free reimbursements, an income of more than Rs 10 lakh a year can escape the tax net. Budget 2015: Should you worry about TDS being applicable to recurring deposits? The new rules come into effect from 1 June but banks are already witnessing a rush of investors prematurely closing their RDs and FDs. Quote of the week "That four elections have been won, and one has not, is no ground for believing that there will be a slowdown on the path we have taken." Arun Jaitley,Union Finance Minister Family Finances Equity exposure to ensure smooth sailing for Mendhekars This outgo leaves them with a surplus of Rs 43,475, but before Maalde advises them on its usage, he wants to analyse their insurance portfolio. Financial Planning Budget 2015: Gold bond and deposit schemes may be game changers if guidelines are attractive Acknowledge the appetite of the household savings for gold, rather than curbing it and wait to see what the guidelines for this product look like. Money-making venture Flintobox: Building engaging products for children that aid their holistic development To test their products, they have partnered with pre-schools and play schools around their office. Entrepreneurs How Dhruv & Kaushal Goyal's 3yr-old startup ExclusiveLane.com is on track to generate Rs 3.5 crore Goyal cousins invested close to Rs 10 lakh to start their biz, which was invested in building the website, buying inventory & acquiring designers. Financial Calculators Plan your car Car cart! Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. Home Loan Refinance Should you refinance your home loan? Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate. More Calculators Budget 2015: Is the Sukanya Samriddhi Yojana better than PPF? The government-sponsored scheme offers higher interest and tax free income. But it is only for girls below 10 years and the lock-in period is longer. Macroeconomic indicators looking much better than they were a year back: Santosh Kamath, Franklin Templeton Though the Budget is a balanced one and the credit environment is positive, concerns remain over issues like rising NPAs. Should you use the trigger facility in equity funds? Investors should ideally rebalance their portfolios every six months. They should sell assets that have risen sharply, like equities at present. Budget 2015: Avoid enhancing health cover solely to exhaust the new limit A top-up cover kicks in only after your base cover is exhausted and hence is cheaper than an independent product. Out of job in your mid-40s? Here's how to reinvent yourself The second reason is about delivering inadequate outcomes either because you lacked skills in a changing workplace or had political issues. More Newsletters ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry. Markets Watch Round up of stock, currency, bond, money and real estate market ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox. Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more. Follow Us on ET: About us|Advertise with us|Terms of Use|Privacy Policy|Feedback|Sitemap|Code of Ethics © 2015 Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here To unsubscribe or edit your subscriptions please click here