Tuesday, April 5, 2016
Atal Pension Yojana eligible for same tax benefits as National Pension System
Atal Pension Yojana
which replaced the
National Pension System
now will be eligible for the tax benefits as it was provided for National Pension System.
The Tax benefits comes with additional deduction of
introduced in the last year budget.
Since the launch in June 2015 the Scheme It has gained
beneficiaries which is open to Indians aged between 18 and 40 and minimum tenure of
The key feature of the scheme is the government will contribute 50% for a period of five years to the subscribers who joins before 31 March 2016.Tax payers will not come in the ambit of the scheme.
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