NPS has two Tiers – 1 and 2.

NPS Tier 1 is the long haul speculation, which has limited withdrawals and implied essentially for retirement arranging. On development, you can pull back limit of 60% of corpus as lump sum and rest must be utilized for annuity buy.

On March 11, 2020 by www.taxexcel.net

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NPS has two Tiers – 1 and 2.

NPS Tier 1 is the long haul speculation, which has limited withdrawals and implied essentially for retirement arranging. On development, you can pull back limit of 60% of corpus as lump sum and rest must be utilized for annuity buy.

On December 29, 2019 by www.taxexcel.net

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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.

On August 02, 2018 by www.taxexcel.net

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