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NPS Calculation: Most of the people invest in the National Pension System to get a pension of lakhs and to raise a lump sum amount. It is an investment plan that provides the benefits of both debt and equity exposure in a single investment. An investor in NPS can choose to invest up to 75 per cent of the amount in equity. This means that it is necessary to keep at least 25 percent of the amount in the NPS account.
If you are investing in long term then NPS interest rate can be expected to be around 10 percent per annum and investing in equity in the ratio of 40:60 can be right. If a person invests in NPS Scheme, then he is also given tax benefit. Let us know how much tax exemption can be claimed and if for how long one has to invest to get more than 2 lakh pension.
How much tax exemption will be available
NPS account holder is given income tax exemption under section 80C on investment up to Rs 1.5 lakh in NPS account in a financial year. Apart from this, the individual can claim an additional Rs 50,000 income tax exemption under section 80CCD(1B) on his NPS investment.
What will be the planning for pension of more than Rs 2 lakh
If an investor invests Rs 15,000 every month in NPS account after the age of 30 years, then monthly pension will be given after the age of 60 years. On maturity, the investor will be given NPS pension of Rs 68,380 and a lump sum amount of Rs 2.05 crore. If a lump sum amount of 2.05 crores is invested in SWP for 25 years, then he can be given a return of 8%.
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In this case, the investor will get Rs 1.55 lakh every month. Now adding 68 thousand and 1.55 lakh rupees to NPS, then a pension of Rs 2.23 lakh will be given to the investors every month.
Read this also- NPS: One crore will be available on retirement, pension of 70 thousand rupees every month; This investment scheme belongs to the government
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