The percentage contribution cannot exceed 5% for Alternative Investment Funds.
 

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For Tier 1, you can allocate up to 75% to Equity.

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 For Tier 2, you can allocate 100% to Equity.

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PFRDA (Pension Fund Regulatory and Development Authority) is the governing body for NPS.

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NPS accounts or PRANs remain the same regardless of changes in employment, city, or state.

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 NPS account holders can transfer their Superannuation funds to their NPS account without any tax implications, post approval from relevant authorities.

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 Your contributions are managed by the Pension Fund Managers (PFMs) appointed by PFRDA, following regulatory guidelines.

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 After turning 60, you can select Annuity Plans offered by Annuity Service Providers appointed by PFRDA.

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Subscribers can invest through Lumpsum or SIP in NPS.

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There are two significant tax benefits for employees on their self-contributions to the NPS:

You can claim a deduction of up to 10% of your salary (including Basic + DA) under Section 80 CCD(1), which falls within the overall limit of Rs. 1.50 lakh as specified under Section 80 CCE.

Additionally, you can avail a tax deduction of up to ₹50,000 under Section 80 CCD(1B), which is over and above the overall limit of Rs. 1.50 lakh mentioned in Section 80 CCE."

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Employees can enjoy tax benefits on employer contributions under Section 80 CCD(2). When your employer contributes to your NPS Tier 1 account, you can avail of a tax deduction of up to 10% of your salary (comprising Basic + DA). In cases where the employer is a government entity, this deduction can be as high as 14%.

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Self-employed individuals who contribute to the NPS Tier 1 can enjoy the following tax benefits on their own contributions:

You can claim a tax deduction of up to 20% of your gross income under Section 80 CCD(1), which falls within the overall limit of Rs. 1.50 lakh as specified under Section 80 CCE.

In addition to this, you are eligible for a tax deduction of up to ₹50,000 under Section 80 CCD(1B), which is over and above the overall limit of Rs. 1.50 lakh mentioned in Section 80 CCE."

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When making a partial withdrawal from your NPS account, you can benefit from tax exemption on the amount withdrawn, up to 25% of your self-contributions. However, the specific terms and conditions for this exemption are determined by the PFRDA (Pension Fund Regulatory and Development Authority) under section 10(12B).

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The purchase of an annuity is eligible for tax exemption under Section 80CCD(5). Subsequent annuity income is subject to tax under Section 80CCD(3).
 

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 Employers can avail tax deductions on contributions to employees' NPS accounts as 'Business Expense' under Section 36(1)(iv)(a).

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No tax benefits are available for contributions to the NPS Tier-II account.

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No tax rebates/special treatment for gains from NPS Tier-II investments; standard marginal tax rates apply.

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Yes, eligible individuals can claim tax benefits on eligible investments on both Section 80CCD (1) and 80CCD (2) together.

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Upon attaining super annuation subscriber can withdraw 60% in Lumpsum or through Lumpsum Systematic Withdrawal till age 75. The remaining 40% has to be invested in purchasing annuity.
 

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