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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...

Why employees across India still prefer parking their money in the EPF Easy withdrawal, especially during emergencies, has made this old stalwart a sought-after option, to the extent that many voluntarily contribute more money to the fund (VPF). However, the NPS offers asset allocation, something the EPF doesn’t. January 22, 2021 / 06:34 PM IST Mumbai-based Malvika Chavan, 27, who worked as a guest relations executive at a hotel, lost her job last April amid the coronavirus outbreak. A couple of months on, she still hadn’t found a job and was finding it hard to make ends meet, with h...

Updated Jan 20, 2021 | 07:14 IST For all NPS subscribers, it is compulsory to purchase an annuity product from listed ASPs at the time of superannuation and pre-mature exit NPS subscriber? Know about the four annuity schemes available under NPS  New Delhi: An annuity refers to the monthly payment that you will receive as a subscriber from the Annuity Service Provider (ASP) after your exit from the National Pension Scheme (NPS). Annuity Service Provider is an Insurance Regulatory and Development Authority (IRDA) registered insurance company listed by the Pension Fund...