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AI : PFRDA upgrades NPS with changes, making it more retirement-focused and flexible

NPS Changes Ahead: New Payout Options, Banks Eye Pension Fund Role, Health Cover On Cards, And More

PFRDA is targeting to provide NPS subscribers with assured payout options, a diverse choice of investments, a digital push of easier onboarding, health coverage, succession planning, and more

BY Outlook Money

 Income Tax Claims (AI Image)
No Provision Under Income Tax To Claim Exemption On Maintenance Of Self-Occupied House With Own Money

A deduction of up to Rs 2 lakh for interest paid on money borrowed for purchase, construction and/or repair and renovation of two self-occupied house is allowed under the old tax regime. The basic exemption limit for a senior citizen will apply if the total income including STCG on stocks does not exceed Rs 3 lakh. If an overdraft on a fixed deposit is taken for personal use, it cannot be set off against the interest paid on such overdraft

BY Balwant Jain

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Starting A Start-Up: A Ready Reckoner

Starting A Start-Up: A Ready Reckoner
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