Invest NPS Online
The money you are withdrawing from NPS would be added to your income and taxed as per the Income Tax slab applicable to you. The annuity income received from life insurance companies would also be treated as income and taxed as per the Income Tax slab applicable to you.
If you are withdrawing money from National Pension Scheme (NPS) after you have reached 60 years, you can withdraw 60 per cent of the accumulated corpus. You should use at least 40 per cent of the accumulated fund to buy an annuity from a life insurance company to secure a monthly pension.
If you are withdrawing the money before you are 60 years, you have to use at least 80 per cent of the accumulated funds to buy and annuity. You can withdraw only the balance amount.
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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