In Budget 2017, The Government Announced More Income Tax Incentives For Investing In Nps Or National Pension Scheme.

Both The Salaried As Well As Self-Employed Get Income Tax Benefits On Investing In NPS.

National Pension Scheme (NPS) Offers Two Types Of Accounts - Tier I And Tier II. The Tier 1 Account Is Non-Withdrawable Till The Person Reaches The Age Of 60. Partial Withdrawal Before That Is Allowed In Specific Cases. On The Other Hand, The Tier II National Pension Scheme Account Is Just Like A Savings Account And Subscribers Are Free To Withdraw The Money As And Whenever They Require.


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