Showing posts with the label 80c

NPS- National Pension Schemes

My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  NPS (National Pension Schemes) Introduction of NPS:- The National Pension Scheme (NPS) is a social security initiative taken by the Central Government. This pension type is open to employees from the public, private and even the unorganized sectors with the exception of those from the armed forces. NPS encourages people to invest in a pension account at regular intervals during the course of their employment. After retirement, the investor of this scheme can take out a certain percentage of the corpus. As an NPS account holder, we will receive the remaining amount as a monthly pension after our retirement. In early days, the NPS scheme covered only the Central Government employees. Now, the PFRDA has made this open to all Indian citizens on a voluntary basis. NPS scheme holds important value for anyone who works in the private sector a