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