An additional investment of Rs 50,000 is eligible for a tax deduction under Section 80CCD(1B) of the Income Tax Act 1961. 6. How to open an NPS account?If you wish to open an NPS account, you may visit any authorised Point of Presence (PoPs) or any bank branch (private and public...
50,000 under Section 80CCD(1B), and the entire lump sum withdrawal amount and 60% of the annuity amount received are tax-free under Section 10(12A). + What happens to the NPS account in case of the subscriber's death? In the event of the subscriber's death, the entire accumulated...
Invest in National Pension System (NPS) & get additional tax benefit for investments up to Rs. 50,000 u/s 80CCD (1B) All You Need To Know Features NPS Vatsalya How to open NPS account Corporate Benefit National Pension System (NPS) is a retirement benefit Scheme introduced by the Governm...