Government Scheme Update: Today we will tell you about such a government scheme, in which investors will get Rs 21,000 every month. That is, you will get 21000 rupees every month without doing a job and without doing business.
Pension Scheme: If you are also looking for an option to earn every month, then this is the news of your benefit. Today we will tell you about such a government scheme, in which investors will get Rs 21,000 every month. That is, you will get 21000 rupees every month without doing a job and without doing business. The name of this government scheme is National Pension System.
What is NPS Scheme
National Pension System (NPS) is a government pension scheme consisting of both equity and debt instruments. NPS gets a guarantee from the government. You should invest in NPS scheme to get higher monthly pension after retirement.
Will have to invest from the age of 20
If you start depositing money in NPS at the age of 20 and deposit Rs 1000 every month, then by the age of retirement your total contribution will be 5.4 lakhs. Apart from this, you will get an annual return of 10 percent in this, due to which your investment will increase to 1.05 crores.
21140 pension will be available every month
Now if the NPS subscriber converts 40 percent of the corpus into an annuity, then its value will be 42.28 lakhs. At the same time, the monthly pension can be Rs 21,140 at the annual rate of 10 percent. Not only this, the NPS subscriber will get a lump sum amount of about Rs 63.41 lakh.
Income tax exemption will be available
NPS pension scheme is a government scheme just like Public Provident Fund (PPF), Employees Provident Fund (EPF), Sukanya Samriddhi Yojana etc. In this, any investor can also increase his monthly pension amount by making the right use of maturity amount. Through NPS, you can save tax up to Rs 2 lakh annually. You can save tax up to a maximum of Rs 1.5 lakh under Section 80C of Income Tax. If you invest in NPS, you will get an additional tax exemption of up to Rs 50,000.
There are three types of investment options
There are three investment options available in NPS, in which the investor has to choose where his money will be invested. Equity, Corporate Debt and Government Bonds. With more exposure to equities, it also gives higher returns. Keep in mind that you should do any investment only after talking to your investment advisor.
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