Pension Scheme: Good news! Central government is giving so much pension in old age, know scheme details
New Delhi. While fulfilling the responsibilities of the
family in youth, along with fulfilling all the wishes, the
tension of old age keeps on haunting. If there is no
government job in that too, then the tension increases
further.
To address these concerns, the Central Government has
launched Atal Pension Yojana (APY). Every day many
people are joining this pension scheme. There are many
special things about this pension scheme. Firstly, in a
pinch of investment, after 60 years, you will continue to
get the benefit of lifelong pension. Apart from this, there
are many benefits which we are going to mention..
The minimum investment in this scheme is Rs 210 per
month. This Rs 210 will give a monthly pension of Rs
5000 after 60 years. The investment installment in the
pension scheme is decided according to the age. Thes Special thing is that both husband and wife can take
advantage of it. In such a situation, after 60 years on a
monthly investment of Rs 420, you will continue to get a pension of Rs 10,000 per month for life.
This is the eligibility to join the scheme
To join this scheme, the age should be minimum 18
years and maximum 40 years. Investment installments
have also been divided according to the age of 18-40.
Apart from this, if the amount of pension received is to be kept low, then the monthly investment also gets
reduced further. That is, taking advantage of pension
scheme at the age of 18, after 60 years, monthly pension
is 1000 rupees, 42 rupees a month, 2000 rupees 84 months, 3000 rupees 126 rupees and 4000 rupees 168
months. On the other hand, if you want a pension of Rs
5000 per month, then there will be an installment of Rs
210 per month, which will have to be deposited for 42
years. From this chart you can easily get the information
of installments. Since the minimum amount of pension has been fixed at
1000 monthly and maximum 5000 monthly. The amount
Of pension is also taken into account while paying the
premium. On the death of the person taking pension
under this scheme, that pension nominee will continue to
get it for life. That is, some member of the house will
continue to take advantage of this pension.
Under this scheme, an income tax deduction of 50,000
will be provided to the investor under section 80 CCD
(1B) in the income tax on taking a pension plan,. If the
beneficiary of the pension dies before the age of 60, the
pension will also be provided to his nominee. It can be
availed by opening an account in any bank or post office
Since the minimum amount of pension has been fixed at
1000 monthly and maximum 5000 monthly. The amount
of pension is also taken into account while paying the
premium. On the death of the person taking pension
under this scheme, that pension nominee will continue to
get it for life. That is, some member of the house will
continue to take advantage of this pension.
Under this scheme, an income tax deduction of 50,0000
will be provided to the investor under section 80 cCD
(1B) in the income tax on taking a pension plan. If the
beneficiary of the pension dies before the age of 60, the
pension will also be provided to his nominee. It can be
availed by opening an account in any bank or post office
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