Retirement Planning through NPS: Want Rs 2,00,000 monthly pension from Rs 5,000 starting monthly contribution? Know how it can be achieved
Contributions under NPS are tax deductible under subsection 80CCD (1B) of the Income Tax Act. This is over an above the deduction of Rs 1.5 lakh available under section 80C.
NPS or national pension scheme is a government-backed pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). NPS supports financial security in one's working years by enabling individuals to save consistently throughout their services and accumulate a significant retirement fund over time. While retiring from work, NPS provides a combination of one-time lump sum payouts and periodic income.
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Eligibility

NPS: Tax benefits

NPS account transfer

Annuity options

NPS partial withdrawal

How to get more than Rs 2,00,000 pension every month through NPS?
