National Pension Scheme

Intro
What is NPS 00:57 Sec
Key Points 02:20 Sec
Minimum contribution 04:20 Sec
Withdrawal 05:05 sec
Partial withdrawal 08:16 sec
Tax Benefits of NPS 09:12 Sec

NPS or National Pension Scheme is a Retirement Planning Investment product that also offers tax benefits. NPS provides Tier 1 Account for Pension Plan and Tier 2 Account for Investment Plan.

NPS is a retirement planning scheme introduced by the Government of India. NPS or National Pension Scheme can help save tax and also to get a regular pension after retirement. National Pension scheme was introduced in 2004 for Government Employees by the Government of India but in 2009 it was made accessible to all citizens of the country so that everyone can benefit from the scheme and plan their peaceful and more secure retirement.

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CA Tarique Aziz khichi

Chartered Accountant in Practice. He qualified in May 2016 and thereafter got associated with Desai and Haribhakti, as a Corporate Finance and Advisor Officer. After working for 1 year 7 months, he moved to Infosys, as a Finance associate in the International Tax Department.
After an experience of 5 years in Job Industry, he finally started his own CA practice in Kolkata beginning 1 June 2021.
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For any financial advice contact us at
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National Pension Scheme (NPS) 2022 is a retirement scheme launched by the Government of India in 2004 with the aim of providing secure retirement benefits to every Indian citizen. Under this scheme, individuals can save a portion of their income for their retirement and receive a regular pension after retirement.

The NPS 2022 scheme is designed to help individuals build a corpus for their retirement and also provide them with financial security in their old age. The scheme provides tax benefits to individuals and helps them plan for their retirement in a systematic manner.

The NPS 2022 scheme has been designed to provide individuals with the flexibility to choose from a range of investment options and to customize their pension plan according to their individual needs. Under the scheme, individuals can invest in various asset classes such as equity, debt, gold, and government securities.

The scheme also allows individuals to choose from a variety of pension funds, which are managed by professional fund managers. The pension fund managers are responsible for managing the funds and ensuring that the returns generated are sufficient to meet the needs of the individual at the time of their retirement.

The NPS 2022 scheme is open to all Indian citizens between the ages of 18 and 60. Individuals can open an NPS account with any of the approved points of presence (POPs) and deposit a minimum of Rs. 500 per month into their account. The funds deposited in the NPS account will be invested in the various asset classes as per the choice of the individual.

Individuals can also avail of the tax benefits under the NPS 2022 scheme. Under the scheme, contributions made to the NPS account are eligible for tax deduction under Section 80CCD (1B) of the Income Tax Act. This tax deduction is available up to a maximum of Rs. 50,000 per year.

The NPS 2022 scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA) and is regulated by the Ministry of Finance. The scheme is administered by the Central Record Keeping Agency (CRA) and the National Securities Depository Limited (NSDL).

CA Tarique Aziz Khichi is a qualified Chartered Accountant and a renowned expert in the field of retirement planning. He has been providing financial advice to individuals for more than a decade. He has been a part of the NPS 2022 scheme since its inception and has been instrumental in helping individuals plan for their retirement in a systematic manner.

CA Tarique Aziz Khichi has been providing financial advice to individuals on how to make the most of their NPS account and how to maximize their retirement benefits. He has also been providing guidance on how to invest in the various asset classes available under the NPS scheme and how to make use of the tax benefits available.

CA Tarique Aziz Khichi has also been providing advice on how to make the most of the NPS scheme and how to ensure that the individual’s retirement corpus is sufficient to meet their needs after retirement. He has been instrumental in helping individuals plan for their retirement in a systematic manner and has been providing guidance on how to make the most of the NPS scheme.