Salaried taxpayers may get special attention in Budget 2020-21 as the Finance Ministry is looking into a proposal that would double the limit of tax free contribution into National Pension Scheme (NPS) from the present ₹50,000 to ₹1 lakh per annum. The changes have been suggested by pension sector regulator, the Pension Fund Regulatory and Development Authority, to attract public savings into pension plans that would form the backbone of post retirement social security for millions of Indians.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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