Atal Pension Yojana (APY) Enrolments Up 24% YoY; Women Participation Increases 52%
Enrolments in the Atal Pension Yojana (APY) scheme rose around 24 per cent to 643.52 lakhs in FY2023-24, with higher participation from women and younger people.
![Atal Pension Yojana (APY) Enrolments Up 24% YoY; Women Participation Increases 52%](/_next/image?url=https%3A%2F%2Fs3.ap-south-1.amazonaws.com%2Fimages.outlookindia.com%2Fwp-content%2Fuploads%2F2024%2F06%2Fshutterstock_2126338031-300x200.jpg&w=256&q=75)
Enrolments in the Atal Pension Yojana (APY) scheme rose around 24 per cent to 643.52 lakhs in FY2023-24, with higher participation from women and younger people.
Section 139 of the Income Tax Act governs the filing of income tax returns by every individual with income above the basic exemption limit.
Explore ways to use your annual bonuses for financial growth and security in retirement—from debt repayment and emergency corpus to skill development.
Pension plans allow subscribers to make small monthly contributions towards a retirement fund and earn monthly pensions post-retirement.
Both liquid and long-duration instruments like annuity, public provident fund (PPF), National Pension System (NPS), etc., are necessary to make the portfolio effective for all situations
Tax efficiency can play an important role when you choose a retirement plan. Do you know how insurance retirement plans are taxed?
Starting early in building a retirement fund is critical as you will get more time to create it and harvest the potential compounding benefits your investments will generate in the long term.
There is no maximum contribution limit in NPS Tier 1 and Tier 2 accounts; however, contributions to Tier 1 accounts get up to Rs 2 lakh deductions under the Income Tax Act.
While choosing these instruments, seniors should match their lock-in needs, liquidity, return expectation and risk appetite in sync with their financial goals.
Public Provident Fund (PPF) is a voluntary long-term small savings scheme that provides attractive interest rates and tax benefits. Learn more
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