NPS is a government backed pension scheme launched by the PFRDA(Pension fund regulatory and development Authority). After subscribing to NPS online or offline, one can regularly contribute to the pension account during their working life.
How are your investments managed via the NPS?
Your investments in the NPS are managed by pension fund managers available in both the government sector and private sector. Whatever money you deposit is invested by pension fund managers in equity, corporate bonds, government securities and accordingly you get interest on that money.
Tax Benefit of NPS?
As per the current tax provisions, NPS subscribers can get an additional tax benefit of upto Rs 50,000 in a financial year under section 80CCD(1B).
With so many options in the market, it becomes difficult to choose what is best for you. This is where we come in.
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Drop us a message on Whatsapp or call us at 9959467203/9935689935.
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We will get in touch with you and get your KYC done.
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We will fix a meeting to understand your financial goals and investment objectives.
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Call us in case of any query and we’ll be there.
80C- A maximum of Rs 1,50,000 can be claimed under this section as part of NPS.
80CCD(1B)- Additional contribution of up to Rs 50,000 can be claimed as NPS tax exemption over and above Section 80C deductions.
NPS is a good long term investment option that can secure your retirement.
Additionally, NPS tax deductions make it an attractive tax saving instrument.