NPS: How old are you? How much money do you need to invest today to guarantee a Rs. 1 lakh pension when you retire?

In short:

An Investment scheme which can help you guarantees sufficient pension & saved your hard earned money from taxes can be NPS, You can save tax benefits available to employees contributing to the National Pension Scheme (NPS) in India. Over the past 15 years, NPS has consistently yielded annual returns of 9% to 12%.

Tax Benifits:Employees can avail a tax deduction of up to 10% of their salary (Basic + DA) under Section 80CCD(1), with a maximum limit of Rs. 1.5 lakh under Section 80CCE. Additionally, they can claim an extra tax deduction of up to Rs. 50,000 under Section 80CCD(1B), over and above the overall Rs. 1.5 lakh limit. 

What after 15 years?

NPS has been delivering annual returns of 9% to 12% over the past 15 years, If subscribers are not satisfied with their fund’s performance, they can choose to switch to a different fund manager.