The NPS is a long-term retirement savings scheme for Indian citizens, offering diversification, tax benefits, and professional fund management. It consists of a dual-tier structure, requires long-term commitment, allows asset allocation choices, and is managed by professional fund managers.
Investing in NPS at an early age shall ensure a more considerable monthly income after retirement, which happens through compounding. Check the calculation.
Updated Mar 09, 2021 | 07:14 IST
NPS schemes outperformed as the equity and debt schemes by all the pension fund managers gave double-digit returns in the last one year NPS schemes gave double-digit returns last year. Know about returns, taxation rules | Photo Credit: BCCL
New Delhi: National Pension Scheme (NPS) is a pension fund backed by the government and regulated by PFRDA (Pension Fund Regulatory and Development Authority). This scheme aids in the accumulation of a retirement fund. This scheme is open to every Indian citizen those who are in the age group of 18 to 65 years. An individual of unsound mind or a current NPS holder, on the other hand, is not permitted to open a new account. As a result, an individual can only have one NPS account. Let s talk about the most recent NPS exit and withdrawal guidelines for 2021.
Updated Feb 24, 2021 | 06:11 IST
Amount invested in purchase of Annuity, is fully exempt from tax. However, annuity income that you receive in the subsequent years will be subject to income tax. NPS returns, maturity amount taxation rules explained
New Delhi: National Pension Scheme is slowly becoming a popular choice for Indians because of its impressive returns in recent years. NPS is a pension cum investment scheme launched by the government to provide old age security to Citizens of India. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.