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Budget 2025 Expectations: Will NPS Reforms Deliver Bigger Retirement Benefits For Middle-Income Earners?


Published on 2025-01-20 07:00:47 - Oneindia
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  • Experts call for NPS reforms to boost retirement savings with increased tax deductions and better withdrawal options.

The article from OneIndia discusses potential reforms to the National Pension System (NPS) in the upcoming Budget 2025, focusing on enhancing retirement savings for middle-income earners. Key points include increasing the tax deduction limit under Section 80CCD(1B) from Rs 50,000 to Rs 1 lakh, which would encourage higher contributions to NPS. There is also a proposal to introduce more flexible withdrawal options, allowing subscribers to access a portion of their funds before retirement for critical needs like medical emergencies or home purchases. Additionally, the article suggests simplifying the investment process and providing more investment choices within the NPS to cater to diverse risk appetites. These reforms aim to make NPS more attractive and beneficial, ensuring better retirement security and financial flexibility for subscribers.

Read the Full Oneindia Article at:
[ https://www.oneindia.com/business/budget-2025-nps-reforms-tax-deductions-withdrawal-options-retirement-savings-middle-income-earners-4047619.html ]
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