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Showing posts with label NPS Tier 1. Show all posts
Showing posts with label NPS Tier 1. Show all posts

Thursday 2 August 2018

Tax Benefit on NPS Tier 1 and/or 2?

NPS has two Tiers – 1 and 2.
NPS Tier 1 is the long-term investment, which has restricted withdrawals and meant primarily for retirement planning. On maturity, you can withdraw a maximum of 60% of the corpus as lump sum and rest has to be used for annuity purchase.