National Pension System: Lesser-known income tax, GST benefit that NPS scheme beneficiaries must know
NPS Scheme: National Pension System (NPS) is one of the lowest cost pension schemes globally and it can be concluded that investing in NPS not only helps to reduce taxable income but at the same time enables building a corpus that is essential for leading a dignified post-retirement life.
NPS Scheme allows partial withdrawal to an NPS Account holder. As per the NPS Withdrawal Rules, one can withdraw up to 25 per cent of one's net contribution which is 100 per cent income tax exempted. Photo: Reuters