NPS: Your retirement partner - Because tax breaks are smart
Let's be real. Making money is a joy for everyone. But do we love giving it away in taxes? Not really. That's where the National Pension System (NPS), with its ability to save taxes, steps in. Wait, there are layers - Retail NPS, Corporate NPS, and even the NPS Vatsalya Scheme, which just came out recently. Confused? Don’t worry, we’ve got you covered. NPS vs. Retail: Who can be the lord of the corporate NPS crown? Anyone between the age of 18 and 70 can sign up and invest in Retail NPS . But NPS for businesses? That’s an exclusive club where employers chip in, making retirement savings a little less painful. Think of it like this: Retail NPS is your solo gym membership; Corporate NPS is when your company sponsors a premium gym with extra perks. Less pain, more gains. If you’re wondering how much you can save, try using a corporate NPS calculator to see the potential tax benefits and employer contributions that can boost your retirement corpus. Corporate NPS &...