Chandigarh: If you are planning to invest in any scheme then this news is only for you. Today we are going to tell you about one such government scheme, where you can secure your old age by investing. Because this scheme can be very useful for you after retirement. You can get good pension from this scheme. You will continue to have regular income even after retirement. Let’s know about this particular scheme.
There is no risk in investment
We are talking about National Pension Scheme. It is a government scheme, specially designed to benefit senior citizens. There is no risk in investing in this scheme. This scheme was launched in January 2004 for government employees. Later in 2009 it was opened to all classes of people. Under this plan, you have to invest for the long term in your working life. In this scheme, you have to invest 40 percent in the annuity. From the annuity amount, you get pension later.
Thus you will get Rs 20 thousand pension
If you invest in this scheme If you want to, you can start it with an investment of just Rs.1000. People in the age group of 18 to 70 years can avail this scheme. If you invest Rs 1000 per month in this scheme at the age of 20, you will have a total of Rs 5.4 lakh by the time of retirement. It will get 10 percent return, with this the investment will increase to 1.05 crores. If 40 percent of the corpus is converted in one year, the reward will be Rs 42.28 lakh. Accordingly, assuming an annual rate of 10%, you will get a pension of Rs 21,140 per month. Along with this you will get a lump sum amount of around Rs 63.41 lakh.
If you invest in NPS, 60% of the amount will be tax free on final withdrawal.
Contribution to NPS Account The limit is 14%.
The amount invested in the purchase of annuity is also completely tax free.
Any NPS subscriber is taxed up to 10% of the total income under Section 80CCD(1) of the Income Tax Act. can claim deduction, subject to an aggregate limit of Rs. Under Section 80CCE, this limit is 1.5 lakhs.
The customer can claim an additional deduction of up to Rs.50,000 under Section 80CCE.
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