NPS

income tax benefits from national pension scheme

Income Tax Benefits from National Pension Scheme

Income Tax Benefits from National Pension Scheme The government announced income tax benefits for investing in National Pension Scheme. Both salaried, as well as self-employed individuals, get these benefits on investing in NPS. NPS is also partially tax exempt on maturity. NPS is a retirement savings scheme, which enables an individual to accumulate savings during his working life. There are two types of NPS accounts – Tier I and Tier II. The Tier-I account is non-withdrawable till the individual achieves the age [...]

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