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https://economictimes.indiatimes.com/wealth/tax/tax-saving/all-you-need-to-know-about-national-pension-system-nps-and-its-tax-benefits/articleshow/97442240.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
National Pension System (NPS) is an unparalleled tax-saving investment option that substantially reduces your tax liability. As an investment cum pension plan launched by the Indian Government, any Indian citizen from the age group of 18 years to 70 years, as well as employees from the public, private, and the unorganised sectors, except those working in the Armed Forces, can open an NPS account. While NPS has been primarily designed to provide retirement security through attractive investment o ..
Read more at:
https://economictimes.indiatimes.com/wealth/tax/tax-saving/all-you-need-to-know-about-national-pension-system-nps-and-its-tax-benefits/articleshow/97442240.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
How to invest in an NPS account
NPS, in short, are low-cost pension plans wherein an individual can invest in a mix of equity, government debt, alternate investment funds, and corporate debt, with allocation to Equity capped at 75% till the age of 50 after which, it reduces steadily while % allocation to debt increases. NPS comes with a lot of flexibility regarding deposits and withdrawals, where you can opt for two kinds of account preferences: NPS Tier 1 and Tier 2. Both th ..
Read more at:
https://economictimes.indiatimes.com/wealth/tax/tax-saving/all-you-need-to-know-about-national-pension-system-nps-and-its-tax-benefits/articleshow/97442240.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Any individual can participate in the NPS under 3 models :
All India Citizens (including NRIs) between the age 18 and 70 years can open an NPS account.
Corporate Model where employer/employee in the organised sector contributes to the employee’s Tier 1 account.
Central / State Government Model which guides mandatory participation of government employees who joined employment on or after 1 Jan 2004.Breaking the myth around withdrawal a ..
Read more at:
https://economictimes.indiatimes.com/wealth/tax/tax-saving/all-you-need-to-know-about-national-pension-system-nps-and-its-tax-benefits/articleshow/97442240.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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