In the recent ruling by the government of india, the NPS has been made exempt exempt exempt( EEE) from the previous EET ( taxable when you exit the program).
This has been a major ask from all people and finally took a good step for employees and also for itself by moving to this method.
Earlier the model was at the time of closure
40% annuity
40% tax free
20% taxable
So 20% earlier which was taxable will now not be taxable!
New rules
40% annuity
60% tax free
This was a major issues for people to move to NPS vs a epf or a ppf.
Now with the power of equity kicking in over a long term , people will be much safer from a retirement perspective as they safe in NPS vs that of EPF.
Go ahead.. invest in NPS. The government has made it much more beneficial for you to have a safer more financial sound retirement that before.
Its just simplefinancialsense !
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