NPS Vatsalya, a market-linked investment for minors, now offers tax benefits post Finance Bill 2025 amendment.

After retirement, the regular income from the job stops, so it is important that by that time you either have a good amount of savings or some other source of income. In 2009, to help citizens avoid ...

Key points to note on NPS taxation 1. NPS provides you with two types of accounts: Tier I and Tier II. Tier I is mandatory retirement account, whereas Tier II is a voluntary saving Account ...

NPS schemes have two options. Tier 1 and Tier 2. Tier 1 has a longer lock ... Where as investments in tier 2 is more like Savings account where you can withdraw money whenever you want.

If you don't make the minimum annual contribution in an National Pension System (NPS) account, your account becomes frozen. This limits your ability to make future contributions or manage your ...

You can open two types of NPS accounts: Tier I and Tier II ... on up to Rs 2 lakh per annum investment under Section 80C (Rs 1.5 lakh) and subsection 80CCD (1B) (additional Rs 50,000).

The NPS Vatsalya Scheme, launched on September 18, 2024, allows parents or guardians to open National Pension Scheme (NPS) accounts for minors, ensuring savings and pension benefits until the child ...

NPS offers significant tax benefits to encourage long-term retirement savings. Under Section 80 CCD (1), you can claim a tax ...

A one-time transfer of your EPF savings to an NPS Tier 1 account is exempt from taxes under Section 10(12), as it is not considered a contribution to NPS for that particular year. To initiate the ...

Indian citizens aged between 18 and 70 years of age. After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.