Know about National Pension Scheme (NPS) Tax Deduction
Thursday, November 30, 2017, 11:57 AM
To encourage the investors to invest for retirement planning, government has given a tax deduction of up to Rs 1,50,000 for investments in NPS under section 80C. In NPS, there is restriction on pre-mature withdrawals, so NPS is an illiquid investment. Besides, NPS has an EET status that means investments and returns are tax deductible but at maturity the amount will be taxed.