Tax exemption is available on NPS under sections 80 CCD (1), 80 CCD (1B) and 80 CCD (2) of income tax. Apart from section 80C i.e. Rs 1.50 lakh on NPS, you can take additional deduction of Rs 50,000.
New Delhi. Do you also want to create a big corpus for old age, so that you do not worry about survival and do not become dependent on others? If you are also planning to invest in a pension scheme, then the National Pension System (NPS) can put an end to your worries. This scheme can prove beneficial for those doing private jobs. Because they do not get pension after the job. Let us know how to open NPS online.
Can open NPS online
1 Click on the link enps.nsdl.com/eNPS or Nps.karvy.com to open ENPS.
2 Click on New Registration and fill your details and mobile number. Your mobile number will be verified with OTP. Fill the bank account details.
3 Select your portfolio and fund.
4 Enter the name of the nominee.
5 The account details of which you have filled, you will have to give a canceled check of that account. You have to upload canceled cheque, photograph and signature.
6 You have to make your investment in NPS.
7 After making the payment, your Permanent Retirement Account Number will be generated. You will also get a payment receipt.
8 After making investment, go to the ‘e-sign/print registration form’ page. Here you can register with PAN and Netbanking. With this your KYC (Know your customer) will be done. While registering, keep in mind that it should match the details given in your bank account. At present 22 banks are providing the facility of taking NPS online. Their information will be found on the website of NSDL.
Tax exemption is available
On NPS Currently, tax exemption is available on NPS under section 80 CCD (1), 80 CCD (1B) and 80 CCD (2) of income tax. Apart from section 80C i.e. Rs 1.50 lakh on NPS, you can take a further exemption of Rs 50,000. That is, by investing in NPS, you can take advantage of the exemption of Rs 2 lakh.
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