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Tax deduction limit under sec 80 CCD (1) ceiling raised from Rs. 1.00 Lac to Rs. 1.50 Lacs.

From F.Y. 2015-16, subscriber will be allowed tax deduction in addition to the deduction allowed under Sec. 80CCD(1) for additional contribution in his NPS account subject to maximum of Rs. 50,000/- under sec. 80CCD 1(B).


As a Point of Presence our functions starts from registration of the subscriber(s), carrying out Know Your Client (KYC) requirements, receiving contributions & instructions from the subscriber(s) and transmitting the same to the designated NPS intermediaries.

Illustration
This simple illestration will tell you how much pension you may get in National Pension System (NPS), once you retire.

  • Bajaj Capital

    Your Present Age : 30 Years

  • Bajaj Capital

    Your Expected Retirement Age : 60 Years

  • Bajaj Capital

    Investment Amount : Rs. 2,000 per month (To avail maximum tax benefit, contribute 10% of your Basic income + DA towards NPS )

  • Bajaj Capital

    Assumed Rate of Return : 8%

  • Bajaj Capital

    On reaching your retirement at : 60 years

  • Bajaj Capital

    The Principal amount you have paid is : Rs. 7,20,000

  • Bajaj Capital

    Interest earned on your Investment is(on monthly compounded basis) is: Rs. 22,48,609

  • Bajaj Capital

    Total Tax saved is : Rs. 2,16,000

  • Bajaj Capital

    Total Pension Accumulated is : Rs. 29,68,609

Highlights
  • Bajaj Capital

    Minimum annual contribution of Rs 1,000 a year

  • Bajaj Capital

    You get Permanent Retirement Account Number

  • Bajaj Capital

    Choice of 8 Pension Fund Options

  • Bajaj Capital

    Choice of Lifestyle Fund- Auto allocation of funds as per age

  • Bajaj Capital

    Choose your fund manager

  • Bajaj Capital

    Start getting pension from annuity serviceprovider after age 60

  • Bajaj Capital

    NPS can be run parallel to Superannuation, Gratuity, PF, EPF and any other pension schemes offered to the employees of organized entities.

Disclaimer:

This Illustration is only for Information purpose.
Change in Tax laws may affect the Return on Investment.
Mutual Funds Investments are subject to market risks. Please read all scheme related documents carefully before Investing.