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National pension scheme eligibility

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Is NPS Covered in sec 80c deduction is only for salariesd  employed person and not for self employed / busmiessman??

Replies (5)
Deduction can be claimed even by self-employed subscribers u/s 80CCD(1) and 80CCD(1B).
Whats rate of interest in it

No interest is applicable. Contributions would be invested equity shares, debentures etc. From past performances, we can expect an appreciation of about 8-10% pa

When matured amt credited to account

60% can be withdrawn upon retirement, 40% to be used for buying annuity, the return from which will fetch you monthly pension.

To know more, you may read my article on NPS: https://www.caclubindia.com/articles/national-pension-system-nps-44748.asp


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