NPS: Tax benefits of Rs 2 lakh and monthly pension of Rs 75,000; here is how it works
NPS tax saving, NPS tax benefit, NPS tax rebate, NPS tax exemption: National Pension Scheme (NPS) is the most prominent retirement scheme in India. Employees in central and state governments can make contributions every financial year to get a monthly pension. The scheme is available to the private sector employees as National Pension System. But the scope of NPS is not limited only to get a monthly pension, it also provides tax benefits up to Rs 2 lakh. Apart from that, your small monthly contributions can help you get a monthly pension of over Rs 75,000. Know how it is possible
NPS tax rebate, NPS tax exemption: As we approach the end of the financial year 2023–24, there are only 10 days left to make investments in tax saving schemes to claim tax relaxation. Image: Pixabay/ Representational image