Tax incentives for NPS have gotten better and better over the last few years. In 2018, NPS almost became an EEE product. Almost. The entire lump sum withdrawal at the time of retirement (60 years) became exempt from tax. The same was notified in Union Budget 2019 too. In my previous posts on NPS, I have solely focussed on if and how much you must invest in NPS. Here is my … [Read more...] about NPS: Your Employer offers to contribute, Should you sign up?
NPS (National Pension Scheme) has been getting a lot of attention lately due to an exclusive tax benefit and relaxation of the tax treatment of NPS corpus at maturity. NPS is a proper retirement product. NPS has been specifically designed to provide pension in your retirement years. It is a defined contribution pension plan i.e. your contribution is defined or under … [Read more...] about NPS vs PPF: Which is better?
NPS (New Pension Scheme or National Pension System) has drawn attention of many investors since it got a few exclusive tax benefits. With the financial year drawing to a close, the interest has got even stronger. NPS is a relatively new product. Taxation of maturity proceeds of NPS has been a subject matter of great speculation over the last year. Rules for partial withdrawal … [Read more...] about Common Doubts about NPS