Today, 1st October is celebrated as NPS Diwas.
N.P.S. is a National Pension System regulated by Pension Fund Regulatory and Development Authority (PFRDA), under department of financial services.
It is a tool for #retirementplanning for #salaried as well as #selfemployed professionals.
The contribution towards the same is claimable U/s 80C upto 1.5 lac and additional upto 50000 under 80CCD
It offers Tier 1 and Tier 2 as investment options,were basically Tier 1 has tax advantages and has restrictions on usage while Tier 2 does not offer tax advantages but offers lot of flexibility.
This is one of the lowest cost investment option currently available, which also has tax advantages.
#financialplanning #financialliteracy #financialplanning #wfpd2021 #wiw2021