How Does NPS Investment Help Save Taxes?
Securing your retirement is crucial, but did you know you can also save taxes while planning for it? The National Pension System (NPS) in India is designed not only to build a retirement corpus but also to offer substantial tax benefits to investors. Understanding NPS The National Pension System (NPS) is a voluntary retirement savings scheme where individuals can invest regularly during their working years to build a retirement fund. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and offers features tailored to promote long-term savings. If you wish to invest, reach out to professionals offering NPS investment services in Cochin . Key Features of NPS Subscriber Accounts : Each NPS subscriber receives a unique Permanent Retirement Account Number (PRAN), which remains with them throughout their career, providing portability across jobs and locations. Investment Flexibility : Investors can choose from multiple Pension Fund Managers (PFMs) offering variou