Key Benefits of NPS
Tax Efficiency
NPS provides a dual benefit of tax savings. Contributions up to ₹1.5 lakh under Section 80C and an additional ₹50,000 under Section 80CCD(1B) are eligible for deductions, making it an attractive option for those looking to optimize their tax liabilities.
Wealth Accumulation
Through the power of compounding, the NPS enables the gradual accumulation of wealth over the long term. The scheme's diversified investment options further aid in maximizing returns.
Flexibility in Investment Choices
Investors have the freedom to choose their asset allocation among equity, corporate bonds, and government funds. This flexibility empowers individuals to tailor their investments according to their risk tolerance and financial objectives.
