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Updated Mar 09, 2021 | 07:14 IST NPS schemes outperformed as the equity and debt schemes by all the pension fund managers gave double-digit returns in the last one year NPS schemes gave double-digit returns last year. Know about returns, taxation rules  |  Photo Credit: BCCL New Delhi: National Pension Scheme (NPS) is a pension fund backed by the government and regulated by PFRDA (Pension Fund Regulatory and Development Authority). This scheme aids in the accumulation of a retirement fund. This scheme is open to every Indian citizen those who are in the age ...

Updated Mar 07, 2021 | 10:01 IST An additional deduction for investment up to Rs 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs 1.5 lakh Save more tax via NPS by investing Rs 50,000 additionally  New Delhi: National Pension System (NPS) has become a popular investment option in recent times from a tax-saving perspective for individual taxpayers, considering various changes in the income tax laws introduced in Budget 2021. Tax benefits are available in respect of con...

Updated Feb 24, 2021 | 06:11 IST Amount invested in purchase of Annuity, is fully exempt from tax. However, annuity income that you receive in the subsequent years will be subject to income tax. NPS returns, maturity amount taxation rules explained  New Delhi: National Pension Scheme is slowly becoming a popular choice for Indians because of its impressive returns in recent years. NPS is a pension cum investment scheme launched by the government to provide old age security to Citizens of India. The Scheme is regulated by Pension Fund Regulatory and Development Autho...