About 47.14 lakh central government employees and 68.62 lakh retirees will profit from this.
To help you kickstart your retirement plans, Finwise's co-founder, Prathiba Girish joins Sakshi Batra to answer your questions.
With buoyant revenue, the union government can pay the DA arrears of its employees in a few installments.
Money9 Helpline hosted Vishal Dhawan of PlanAhead to help identify common retirement planning mistakes.
Govt pensioners must submit their life certificate at the nearest bank or post office between November 1 to Novemebr 30 every year.
Many retirees are not organised in their finances as a result of which they are not able to enjoy their wealth fully
Retirement planning: A well-diversified retirement portfolio can help reduce the impact of market swings.
You should set aside anything from 10% to 15% or even 20% of your salary as savings
When an EPF corpus is prematurely withdrawn, tax is deducted at the source. There is no TDS on a sum less than Rs 50,000, on the other hand
Making premature withdrawals not only depletes your funds but also raises your tax liability