My original pension is Rs10000. Reduced pension after commutation is Rs.6665. whether Rs.10000 or Rs 6665 to be taken as income for the purpose of calculation of income tax (india) for the year 2010-11?
I am a senior citizen and getting pension, if i do daily trading in share market and make profit, is there any tax tax to be paid and how to account my transaction. whether i have to file any return in IT department?
We are living in India and old persons find very difficult to visit IT office or any tax consultant to pay dues.It will be good if their tax is deducted at source (if they are eligible) In other nations due to availability of pure items of meals the longevity is more but in India he becomes old very early due to socioeconomic reasons.Our PM/FM must consider.
I have privet job so want to secure future. could anyone please suggest me good pension plan.
These days there are many options for pension plans with several riders ; A hordes of never heard names are floating in the market , like Aviva, Max Newyork, AXA besides our age old LIC, UTI. All claim to have best track records and offer the best scheme. I do not know whom to trust and do not understand their satistics of track records. Please tell me what is the best and how to comperhend that.
plz tell me about State bank of india new pension scheme , some of my friend took that scheme, but i dont any thing about that, they told its good scheme thats all , i searched in google i did not got good info, if u know plz help me .
tell me more good plans
the agent is telling that the interest of life long pension plus is 14%,ie, if we invest 1 lakh/year for twenty years, we will get 1 crore, at the time of maturity. is this 14% interest is fixed, or will it be fluctuating? i need the advantages and disadvantages of this scheme?
My mother was duped by financial consultant by enrolling her into a unit linked pension scheme as against her request for a mutual fund, he convinced her that unit linked plan is nothing but mutual fund and its a onetime payment of Rs 50,000, things came to light when we got a premium reminder from the back office saying the premium needs to be paid for consecutive 3 years. My mother is 57 years of age and doesn’t have a regular source of income and hence will not be able to carry on with the policy, on a written complaint to HDFC on the subject matter their grievance team reverted saying that the agent had explained us everything in detail and they would not be able to help us in this regard..
I am going to take pension plan from LIC. But confused which pension plan to take. Please suggest a good one based on my requirements below.
My age is 29 years. I would like to get pension from 50 years or at the worse 55 years. I would like to get pension on monthly basis rather than getting in lump sum amount. And anything between 30k to 50k rupees per month I would prefer to get as pension. I can pay premium either yearly or monthly but I prefer paying monthly. Anything between 8k to 12k per month I can pay. So please suggest the best pension plan from LIC. And will I get the same amount of pension throughout my life? (like constant 40k throughout my life?)
I went to LIC premium calculator page for New Jeevan Suraksha-I and entered the details as follows,
Deferement period: 20
Notional cash option: Rs. 30,00,000
Premium in Rs. Monthly : 10,419.00
So in this, after 20 years of premium payment I can get lump sum of Rs. 30,00,000 ?
If I choose monthly option, how much will I get for lifelong ?
Suppose in between say after 10 years I am not able to pay for few months due to financial problems, will I loose the plan or I can still continue it? Please explain this.
Thanks in advance.