If one wants to combat inflation, then, it is not just essential for him to invest, but also to select the right investment options
Employees working in the organized sector who are opting for higher pension will have to contribute 1.16% more to the Employees' Pension Scheme (EPS).
Currently, subscibers are allowed to withdraw this 60% at one go and the rest 40% is used to buy annuity
Currently, NPS account holders, who are 60 years old, are allowed to withdraw up to 60% of their total deposited amount, which they could either spend
The new tax regime does not provide any deductions and exemptions, whereas the old regime has about 70 of them
The central government employees currently get tax deduction of 14% on investments made in the NPS.
Central government employees 14% get tax deduction on NPS investments.
Investment in long term instruments often gives a person hefty return since the power of compounding is immense. Generally, investment above five year
The goal is to keep NPS Trust separate from the pension regulator and administered by a 15-member competent board.
Depositors can also extend their investments indefinitely in a block of five years, after the expiry of the initial lock-in period.