let us first gain a brief understanding of the National Pension Scheme. NPS is an easily accessible, low-cost, tax-efficient, flexible and portable retirement savings account. This pension ...

Under the National Pension Scheme (NPS), retirees have the option to withdraw 60 percent of the accumulated corpus tax-free at the time of retirement, utilising the remaining 40 percent to ...

FM Nirmala Sitharaman had declined to speak about any tax benefit for the new scheme. "The launch of the NPS Vatsalya Scheme, ...

As with other pension schemes, the NPS offers tax benefits to individuals who contribute towards it. The NPS is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

NPS pension account holders can also avail of tax benefits under Section 80CCD of the Income Tax Act 1961. The Pension Fund Regulatory and Development Authority of India (PFRDA) is mandated to ...

Mumbai: The systematic withdrawal scheme introduced under the National Pension Scheme (NPS ... full withdrawal of the remaining 60% as a tax free lumpsum”said Sriram Iyer, CEO, HDFC Pension ...

Besides, contributions to employees' provident fund, life insurance premiums, tuition fees, home loan principal repayment, and others. A tax giver can claim a deduction of up to Rs 1.5 lakh by ...

NPS Vatsalya offers parents a way to secure their children's financial future, including retirement, with a pension scheme for minors. Notable features include a market-linked voluntary ...