National Pension System (NPS)

Mohd Asif

doi:10.33516/maj.v54i11.95-97p

National Pension System (NPS)

Authors

Mohd Asif Assistant Manager (Finance), NHDC Limited, R&R Office, Khandwa

DOI:

https://doi.org/10.33516/maj.v54i11.95-97p

Keywords:

No Keywords.

Abstract

NPS is a Government approved voluntary defined contribution pension scheme. Due to its tax saving features, it is going to become one of the best tax saving instrument after PPF (Public Provident Fund). One who is not covered mandatorily under NPS scheme, and in liquidity crunch then he may invest in NPS if he is coming under tax bracket of 20% or 30% for saving tax of Rs. 10400/- or Rs. 15600/- (as the case may be).