- Auto Sweep Facility: Smart way to make your money work harder (Oct 09, 2008)
- Equity Investment is Risk Free Here's the Proof (Oct 06, 2008)
- Income Tax (IT) treatment of House Rent Allowance (HRA) (Oct 03, 2008)
- Only paid out arrears to be subject to TDS for government employees (Sep 30, 2008)
- An introduction to Technical Analysis (Sep 28, 2008)
- Retirement money: How to invest, where to invest (Sep 25, 2008)
Also translated in Hindi and published in Dainik Bhaskar
- Moderated by:
- Admins
Income Tax (IT) treatment of the New Pension Scheme: Fair?
-
The Pension Fund Regulatory and Development Authority (PFRDA) is seeking income tax exemption for the new pension scheme - just like the Public Provident Fund (PPF).
- rank:
-
Admin
- registered:
- November 2007
- Status:
- offline
- last visit:
- 16.06.08
- Posts:
- 10
The new pension scheme is taxed at the time of withdrawal, even when it is a 30-35 years investment instrument. (Comepare this with PPF, which is an exempt-exempt-exempt scheme - there is no income tax at any stage).
This, when the new pension scheme is compulsory for the subscribers - unlike PPF, which is a voluntary scheme.
What do you feel - is this correct and fair? Would love to hear your opinion.
Registered Members: 2128
Guests On-Line: 13
Registered Members On-Line: 0
You are a guest user. To register for free, 