Is NPS Covered in sec 80c deduction is only for salariesd employed person and not for self employed / busmiessman??
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National pension scheme eligibility
Replies (5)
Quick Summary
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60% can be withdrawn upon retirement, 40% to be used for buying annuity, the return from which will fetch you monthly pension.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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