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Nifty 5024,090.851%H 24,297.45 · L 24,090.85|Sensex76,933.590.93%H 77,694.97 · L 76,933.59|Bank Nifty57,509.950.01%H 58,012.4 · L 57,509.95|USD / INR₹95.530.13%H ₹95.56 · L ₹95.39|Gold Intl (10g)₹1,43,383.30.32%H ₹1,44,283.21 · L ₹1,41,776.98|Silver Intl (1kg)₹2,15,440.441.93%H ₹2,16,622.92 · L ₹2,09,865.93|Crude WTI₹7,999.681.84%H ₹8,050.31 · L ₹7,704.49|Bitcoin₹76,61,1402.47%H ₹77,55,902.97 · L ₹75,66,377.03|Ethereum₹2,39,7221.78%H ₹2,41,852.92 · L ₹2,37,591.08|Nifty 5024,090.851%H 24,297.45 · L 24,090.85|Sensex76,933.590.93%H 77,694.97 · L 76,933.59|Bank Nifty57,509.950.01%H 58,012.4 · L 57,509.95|USD / INR₹95.530.13%H ₹95.56 · L ₹95.39|Gold Intl (10g)₹1,43,383.30.32%H ₹1,44,283.21 · L ₹1,41,776.98|Silver Intl (1kg)₹2,15,440.441.93%H ₹2,16,622.92 · L ₹2,09,865.93|Crude WTI₹7,999.681.84%H ₹8,050.31 · L ₹7,704.49|Bitcoin₹76,61,1402.47%H ₹77,55,902.97 · L ₹75,66,377.03|Ethereum₹2,39,7221.78%H ₹2,41,852.92 · L ₹2,37,591.08|
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National Pension System (NPS)

A government retirement savings scheme with extra tax benefits.

Definition

The National Pension System (NPS) is a voluntary, long-term retirement savings scheme regulated by the PFRDA. It invests in a mix of equity, corporate and government bonds, and offers an additional ₹50,000 tax deduction under Section 80CCD(1B), over and above the 80C limit.

Example

Beyond the ₹1.5 lakh 80C limit, an extra ₹50,000 into NPS can save up to ₹15,600 more in tax at the 30% slab.

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