What is NPS ( National Pension System )?

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life.

 

Under the NPS, individual savings are pooled in to a pension fund which are invested by PFRDA regulated professional fund managers in to the diversified portfolios comprising of government bonds, bills, corporate debentures and shares. These contributions grow and accumulate over the years, depending on the returns earned on the investment made.

Which currency pairs are listed?

Employee is eligible to claim tax deduction on employer’s contribution upto 10% of salary (Basic + Dearness Allowance) under section 80CCD(2) of IT Act. This is over and above of Rs. 1.50 lac limit available under section 80CCE. There is no upper cap in term of absolute value on employer contribution.

What are the benefits of currency trading?

Employee is eligible to claim tax deduction on employer’s contribution upto 10% of salary (Basic + Dearness Allowance) under section 80CCD(2) of IT Act. This is over and above of Rs. 1.50 lac limit available under section 80CCE. There is no upper cap in term of absolute value on employer contribution.

 

Types of Mutual Funds

Title with 3

This is over and above of Rs. 1.50 lac limit available under section 80CCE. There is no upper cap in term of absolute value on employer contribution.

Title with 3 2

This is over and above of Rs. 1.50 lac limit available under section 80CCE. There is no upper cap in term of absolute value on employer contribution.

Title with 3 3

This is over and above of Rs. 1.50 lac limit available under section 80CCE. There is no upper cap in term of absolute value on employer contribution.