welcomewiki has just posted in the HR Forum forum of Wiki Newforum under the title of All about the New Pension Scheme.
This thread is located at http://www.wikinewforum.com/showthread.php?t=5839
Here is the message that has just been posted:
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*Are there tax benefits for NPS?
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At present, the investment is covered under section 80CCD of the Income Tax Act and a tax will be levied if you withdraw the money.
You can avoid paying tax by transferring the entire corpus to the annuity service provider. PFRDA has, however, approached the government to treat investment in NPS on a par with instruments like Employees Provident Fund and Public Provident Fund, for which no tax is levied at the investment, accumulation or withdrawal stage.
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