National Pension System
Tier 1 Account:
> Pension Account for retirement savings.
> Mandatory to open to join NPS.
> Withdrawal from this account is conditional.
> Tax deduction can be claimed on investment.
Tier 2 Account:
It’s normal account with no limit on withdrawal & no tax benefits.
Contribution routed through Employee directly
Employee can, additionally, contribute up to Rs.50,000 towards NPS which will be exempt from taxable income u/s 80CCD (1B) of Income Tax Act, 1961
Contribution routed through Employer
To the extent of 10% of Salary (Basic + Dearness Allowance) is exempt from taxable income of the employee u/s 80 CCD (2) of Income Tax Act 1961
www.wealmag.com is an online website of WEALMAG LLP and Biju Chakraborty whose partners are Mr. Biju Chakraborty and Mr. Kuntal Biswas who is registered vide ARN- 107551 and 189582 as a AMFI Registered Mutual Fund distributor. The said website is just an electronic presentation of financial planning for self help by investors. This site should not be treated as a financial advisory website as we do not charge for any calculation or results produced here.
The website does not guarantee any returns or financial goal success by any means.
Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
ARN No: 107551 | Date of Initial ARN Registration – 18.12.2015 | Current Validity Date- 30.05.25
Grievance Officer: Pooja Banik- 9800350005. If not satisfied, please contact- Biju Chakraborty- 9474086995
Mutual Fund Investments are subject to market risks. Read all scheme related documents carefully before investing.