retirement age). So forthose planning early retirement, it might not be the best option. More so becauseif you quit NPS before turning 60, then the NPS Rule’s original condition of using 40% corpus for annuity purchase changes to80 percent!That...
An employee’s contribution is eligible for tax deduction of up to 10 per cent of his salary (basic + DA) under Section 80CCD(1) within the overall ceiling of Rs 1.5 lakh under Section 80CCE. The employee is also eligible for tax deduction of up to 10 per cent of his salary (basic...
for investments with varying exposure and returns (but you also get an additional tax exemption with NPS).While the return on EPF savings this year is expected to be around 8.5%, the NPS offers multiple asset allocation options and fund managers for its members to choose from...