NPS Plan: If you are planning to invest in any scheme, then this news is for you only. Today we are going to tell you about such a government scheme, where you can secure your old age by investing. Because this scheme can be of great use to you after retirement. You can get a good pension from this scheme. You will continue to have regular income even after retirement. Let us tell about this special scheme.
There is no risk in investing
We are talking about National Pension Scheme. This is a government scheme, which is specially designed to give benefit to the elderly. There is no risk in investing in this scheme. This scheme was started in January 2004 for government employees. Later in 2009 it was opened to all categories of people. Under this plan, you have to invest for a long period in your working life. In this scheme, you have to invest 40 percent of the amount in the annuity. From the amount of annuity, you get pension later.
This way you will get 20 thousand rupees pension
If you want to invest in this scheme, then you can start it with an investment of only Rs 1000. People in the age group of 18 to 70 years can take advantage of this scheme. If you invest 1000 rupees a month in this scheme at the age of 20, then till retirement you will have a total corpus of Rs 5.4 lakhs.
There will be 10 percent return on this, this will increase this investment to 1.05 crores. If 40 percent of the corpus is converted into a year, then this prize will be Rs 42.28 lakh. Accordingly, assuming 10% annual rate, you will get a pension of Rs 21,140 every month. Along with this, you will get a lump sum amount of about Rs 63.41 lakh.
You will get these benefits
- if you invest in NPS, then 60 percent of the amount will be tax free on final withdrawal.
- The contribution limit in NPS account is 14%.
- The amount invested in the purchase of annuity is also fully exempt from tax.
- Any NPS subscriber can claim tax deduction up to 10% of the gross income under section 80CCD(1) of the Income Tax Act, subject to an aggregate limit of Rs. Under section 80CCE, this limit is 1.5 lakhs.
- Subscriber can claim additional deduction up to Rs 50,000 under section 80CCE.
