Save only 8 rupees and get 60 thousand pension! Get tax exemptions, find out the details of government projects

New Delhi: Atal Pension Scheme: Everyone is worried about the cost of aging. However, now you do not have to worry. If you plan to make a safe investment to secure your retirement, you can invest in the government’s Atal Pension Scheme (APY).

The Atal Pension Scheme was started in 2015. Although, at that time the scheme was started for people working in the unorganized sector, but now any Indian citizen between the ages of 18 and 40 can get a pension by investing in this scheme. Those who have a bank or post office account can easily invest in it. Under this scheme, depositors start getting pension after 60 years.

What is Atal Pension Yojana?

The Atal Pension Scheme is a government scheme in which your investment depends on your age. Under this scheme, you can get a minimum monthly pension of Rs.1000, Rs.2000, Rs.3000, Rs.4000 and maximum Rs.5000. This is a safe investment where if you want to register you need to have a savings account, Aadhaar number and a mobile number.

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What are the benefits of this plan?

Under this scheme, people between the ages of 18 and 40 can get their nominations in the Atal Pension Scheme. For this, the applicant must have a savings account at a bank or post office. Also keep in mind that you can only have one permanent pension account.

The sooner you invest under this scheme, the more benefits you will get. If a person joins the Atal Pension Scheme at the age of 18, after the age of 60, he will have to pay only Rs 210 per month for a monthly pension of Rs 5,000. In this way, this plan is a good profit plan.

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How to get 5000 rupees monthly pension

That is, if you deposit Rs 7 per day in this scheme, you can get a pension of Rs 5000 per month. At the same time, for a monthly pension of Rs.1000 per month, only Rs.42 per month has to be deposited. And Rs.84 per month for a pension of Rs.2000, Rs.126 for Rs.3000 and Rs.168 per month for a monthly pension of Rs.4000.

Tax benefits

Investors in the Atal Pension Scheme also get tax benefits up to Rs 1.5 lakh under Income Tax Act 80C. Taxable income is deducted from this. Also, in some cases additional tax benefits of up to Rs 50,000 are available. Overall, the scheme offers discounts of up to Rs 2 lakh.

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Provision of death before 60 years

The scheme has a provision that if a person associated with the scheme dies before the age of 60, his / her spouse can continue to deposit money in the scheme and receive a monthly pension after 60 years. There is also an option that the person’s wife can claim a single amount after the death of her husband. If the wife also dies, her nominee is given a handful of money.

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