Tax Benefit On National Pension Scheme
Regulated by the PFRDA, the National Pension System is a scheme that allows you to invest small amounts throughout your working life and reap its benefits when you retire. NPS is a unique market-linked scheme that also provides excellent tax savings.
You can withdraw 60% of your corpus amount upon retirement, while the remaining 40% must be invested in an annuity that will give you a regular monthly pension.
You can use NPS to invest across multiple asset classes, including equity, corporate debt, government bonds and alternative investment funds.
Investors can choose the Active choice if they wish to control the portfolio allocation between the four asset classes, or they can choose Auto choice, which automatically controls the portfolio allocation based on the investor’s age.
Invest in the National Pension Scheme [NPS] launched by the Government of India to benefit from earning a lifelong monthly pension during your retirement. With tax saving benefits, start to build your retirement corpus through ICICIdirect with NPS today.