National Pension System
Auto Choice Vs Active Choice Accounts
Once you have chosen your PFM, you must then select your investment option - auto choice or active choice. Here is a quick breakdown of what these options mean:
6 Benefits of NPS
Tax benefits for Salaried Individuals |
Tax Benefits for Self-Employed Individuals |
Salaried individuals can enjoy tax benefits6 up to ₹50,000 under section 80CCD (1B). Note that this is apart from the exemptions of ₹1,50,000 under section 80C. |
Self-employed individuals can claim tax benefits6 upto ₹50,000 under section 80CCD (1B). Note that this is apart from the exemptions of ₹1,50,000 under section 80C. |
Salaried individuals can invest upto 10% of your basic salary and dearness allowance. They can then claim tax benefits on the invested funds under section 80CCD(1). However, do note that this is subject to a limit of ₹1,50,000 under Section 80C of Income Tax Act, 1961. |
Self-employed can invest upto 20% of their total annual income. They can then claim tax benefits on the invested amount under section 80CCD(1). Note that the tax benefits are subject to a limit of ₹1,50,000 under Section 80C of Income Tax Act, 1961. |
NPS Account Login Details
- Visit npscra.nsdl.co.in
- Click the Open/Add NPS Account button.
- Click the Login with PRAN/IPIN button.
- Enter your PRAN and password.
- Click the Submit button.
- Visit the Karvy NSDL Portal
- Select the Login for Existing Subscribers option
- Enter your PRAN and password.
- Click the Submit button.
- Log into the banking portal using your Customer ID and password.
- Select the NPS option on the dashboard.
- Enter your PRAN and password.
Frequently Asked Questions on National Pension System
Do you have more questions? We’ve got you covered. Here are some of the frequently asked questions on NPS.
- Form UOSS2: You can change your personal or nominee details. You can also use this form to reprint the PRAN card or get a new T-PIN or I-PIN.
- Form S3: You can use this form to change your Scheme Preference or change employment details.
- Form S7: You can use this form to request a change in signature or photograph
- Visit www.cra-nsdl.com and enter the PRAN and password
- Click the Exit from NPS menu.
- Select the Initiate Withdraw Request option.
- Enter the details related to your account.
- Print the withdrawal form that is generated.
- Sign the form, paste the passport sized photograph and submit the form at a Nodal Office
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Disclaimer
¹ Source: https://www.npscra.nsdl.co.in/organised-sector-faq.php
² Source: https://www.npscra.nsdl.co.in/all-faq-contribution.php
³ Source: npstrust.org.im
⁴ A standard NPS calculator was used to get this figure - https://www.npstrust.org.in/content/pension-calculator
⁵ Provided all due premiums are paid.
⁶ Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
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