National Pension System Benefits: Deposit Rs 100 per day in the scheme and get Rs 1.15 crore
Benefits of National Pension System: Today we are going to tell you about a National Pension System in which your old age is protected by depositing 100 rupees daily. When you retire at the age of 60, you will have Rs 1 crore 15 lakh in your National Pension System (NPS) account. You will be able to get a part of it together, with some part you will also get a monthly pension.
Benefits of the National Pension System
Benefits of National Pension System: Today we are going to tell you about a National Pension System in which your old age is protected by depositing 100 rupees daily. When you retire at the age of 60, you will have Rs 1 crore 15 lakh in your National Pension System (NPS) account. You will be able to get a part of it together, with some part you will also get a monthly pension.
Benefits of the National Pension System
The National Pension System is a scheme aimed at protecting old age. It was started for government employees in 2004, but in 2009 it was opened to the general public. You have to contribute till the age of 60.
When the pension fund matures on retirement, a portion of the National Pension System (NPS) can be withdrawn altogether. You get a monthly pension from some part. On depositing Rs. 100 per day in this National Pension System, at the age of 60, you will get a unit amount of Rs. 69 lakh 19 thousand per month as pension.
What is the National Pension System?
The National Pension Scheme, also known as the National Pension System, is open to all employees in the public sector, private sector and the unorganized sector, except those serving in the armed forces. In NPS Plan (NPS), subscribers can earn at least Rs. 6,000, which together or a minimum of Rs. Can be paid as monthly installment of Rs.500.
1.15 crore corpus
According to the National Pension System Trust Calculator, if A is 25 years old and deposits Rs 100 per day or Rs 3000 per month in the National Pension System (NPS), his future will be happy. 12 lakh 60 thousand in 35 years at the rate of 100 rupees per day. If the return on investment is 10% p.a. Assuming, the corpus at maturity will be close to 1 crore 15 lakhs.
It is necessary to keep 40 per cent for pension fund
Suppose he has 40 per cent of this corpus for pension, which is the minimum limit. (NPS) A maximum of 60 percent can be withdrawn at maturity of the corpus. National Pension System: In such a scenario, the pension fund would be around Rs 46 lakh and about Rs 69 lakh could be withdrawn from it. If he expects an annual return of 5 per cent on his pension fund, he will receive about Rs. 19,200 will be found.
Compensation of National Pension Scheme
There is no fixed rate of interest in the national pension system, but returns are based on the market performance of the fund as investments are made in market-linked securities. Contributions to the NPS scheme (NPS) can be invested by various pension funds in 4 different asset classes such as equity, government bonds, corporate bonds and alternative assets. National Pension System (NPS) The returns offered by these pension funds are based on the market performance of stocks and bonds.
Average return 9.65%
NPS is considered to be the best pension scheme in the world. The average return over the last 10 years has been about 9.65 percent. As far as tax savings are concerned, there is a benefit of deduction of up to Rs 1.5 lakh per annum under 80C. Apart from this, under 80CCD (1B) an additional tax benefit of Rs. In this National Pension System you have to deposit at least Rs.1000 annually.
National Pension Scheme Benefits
The National Pension System allows tax exemption on contributions made up to a maximum of Rs. 1.5 lakh under Section 80C of the Income Tax Act. Also, in the NPS scheme, the contribution made by the employer and the employee is applicable for tax exemption.
80CCD (1) - This is a part of U / S 80elf-contribution. A deduction of up to 10% of salary can be claimed for tax exemption under this section. For NPS self-employed taxpayers, this limit is 20% of total income. You can claim any additional self-donation (up to Rs. 50,000) as a National Pension System tax benefit under section 80CCD (1B).
22-Jan-2025