Need more clarity on taxation on withdrawal from tier II. Gains just added to total income or is there any indexation benefit like debt funds or exemption upto 1 lac like equity mutual funds?
Excellent info, two questions 1. Do I need to add capital gain/ appreciation (from tier 2 investments) in my yearly income and pay tax as per my current tax slab? And 2. If I start withdrawing systematically after attaining 60 years of age (post retirement) from tier 2 account, say 2 lac / year then my net tax out go will be nil ( as per present income tax rates), correct? Kindly clarify. Thanks!
I think you missed the point that NPS Tier-2 A/c taxation is same as that of Mutual funds i,e, only on capital gains. Your saying that tier-2 withdrawals are taxable as per tax slab gives impression as whole amount is taxable on individual tax slab, and this is misleading. Please correct.
@@mahesha6363 Please see this - www.etmoney.com/blog/investing-in-nps-tier-i-and-tier-ii-account/. It says entire corpus is taxed in Tier II on exit and not only the interest or gains earned.
@@pankajmathpal sir please clarify whether total amount including our subscriptions on tier2 is taxable.. As iam started investing in tier2 in Moderate sbi fund manager by holding till 5 years minimum around 2000 to 5000 per month.... Please guide me...
Sir mai agr nps tier 2 me 20 lakh ka corpus collect kr leta hu. Or mai central government employee hu. Or meri salary 5 lakh se kam h. To mai tax nhi bharta. To jab m ye 20 lakh withdraw krungaa to ishpe kitna tax lagega.
Sir, I'm unable to withdrow my money from tear 2 because my Nps account has been disable, now what have I do to withdrow my money from tear 2, please guide me🙏.
What kind of calculations do want to see in the video? I'll definitely try to make a video on that. Tier-II is like an open ended mutual fund scheme, where you can invest and withdraw money anytime.
Sir jab tier 2 wale contributions ko 80CcD ki deduction available h nai h to wo part already tax hogya 1 trah se, to fr withdrawal p frse tax kyu lgega???
Dear Sir, NPS me jo corpus calculation dikhate he vo Guaranteed to nahi hota he ki etne hi ya uske aas pas ki bhi koi value hame milegi to hum kaise viswas kare ki itne sal investment karne ke bad hame good corpus milega 🤔
1. Tier 2 to tier 1 transfer of Rs. 50000 kiya hai. Can I claim 80ccd(1b)? 2. If I withdraw amount (only principle not profit), from tier 2 then I need to pay tax or not? My profit still in tier 2 account.
NpS/cra replied to my query about capital tax gain on switching from tier 2 to tier 1 "Subscriber, we wish to inform you that transaction of fund transfer from Tier II to tier I will not reflected in voluntary transaction statement" what this reply means
@rajkiranchinde5729, You can treat the gains as short term or long term capital gains as applicable and calculate the tax accordingly. You are watching a very old video.
Really helpful Sir...❤️❤️❤️ Sir please make a video on best fund under NPS Tier 2 account... I'm ingesting in HDFC tier 2 account with 75% equity. Am I on my right way???
Sir Maine August 2013 me tier 1 active Kiya aur 2017 me dusre job me account shift Kar diye to ab tier 1 se jab withdraw Karne jata hu to mujhe 2017 se invested amount ka 25% hi withdraw Karne ko mil rha koi prakriya hai Kya dono job ke amount ko sath me Lane ka ...halanki Mai withdraw nhi karna chahta but ye sthiti dekh Kar man me bechaini so ho gayi kahi 2013 se 2017 tak invested amount laps na ho jay
Though many experts have different views but I have not found any documented evidence that indexation benefit can be claimed on the redemption proceeds of NPS Tier II account.
At the time of retirement if I continue my NPS tier I account then can I transfer the fund from Tier II to tier I? I don’t want to waste my money by taking annuity, but if I can do this instead then I can save lots of tax and can do SLW till 75 years of age, and my money will grow as well….please let me know
Hw is withdrawal from tier 2 taxed? If i add 1 lakh today & after 1 year the total amount (including returns) is 1.1 lakh & i withdraw entire amount, why wud i pay tax on the principal amount (since it was already taxed from my salary)..could you plz elaborate?
Nicely& clearly explined !! If I invest in tier II up to 70 yrs and do not transfer fund from tier I to II,whether I will receive Long term capital gain benefit on withdrwal of full amount or entire financial gain will add to my income and I have to pay tax based on slab without LTCG. May kindly clear this point also.
You are allowed to transfer from Tier II to Tier I and not from Tier I to Tier II. There is no provision of capital gain in NPS. When you withdraw a lump sum amount from Tier II, it will be added to your income for the year and will be taxable at the applicable slab rates.
Mathpal sb. Request to make a vedio for sr.citizen non pensionable to generate passive income in addtion to invest in SS Scheme and PMVVY of LIC since the interest/ pension generated from it are not sufficient to live comfortably & financially free and also generate wealth from retiremental fund
@@pankajmathpal you mean the entire amount (including the principle invested) will be taxed or only the capital appreciation part will be taxed on withdrawals?
Sir i have Active 100%G tier 2 account . in my next contribution i want to invest some amount say 50% of money to be invested in equity. How do i do that without changing scheme plan.
Sir, My understanding on taxation is 1. If you withdraw before 3 years your tax slab applicable 2. If you withdraw after 3 years LTCG method use with indexation 3. If you want 40% also at retirement time , you can pay tax as per LTCG with indexation can take money home Pl correct me if wrong
I am 52 yrs government employees I want to chose a debt fund which could give 7% post tax (30%) return which one to chose NPS auto conservative or long term gilt fund, duration around 5 yrs
I am 19 year old or mujhe bus job lgi or mujhe abhi kch nai ata smj me nps yeh wo mein kaha kaise invest kru mtlb ek dum se month me 1000r pocket money milty the saddn meko salary milne lgi me smj nai pa rahi kaha paise invest kru kaha khrcha I mean preshn hon
Sir,I invest Rs 50000 p/a in tier -I a/c.This time I am 58.5 yrs old(dt of birth 30/12/1962 )and will retire from service on 30/12/2022.Sir I will invest Rs 50000 p/a till 2026 total Rs 300000 (50000*6)My questions are 1-How much in 2027 I will get? 2-How much of total accumulation will be invested in annuity and from there I will get how much pension per month?
Sir if a citizen become non Indian citizen in subsequent years...can he still continue in NPS? Also, what would happen to money invested in tier1 account as he won’t be able to withdraw before 60
Thx sir, or SBI se kya me HDFC equity me sarvice provider or baki assets or debit me SBI le sakta hu, Ya fir wo SBI fund ke paas hi jayenge , or kahen ki nahi yahan AAP keval SBI hi Lena padega
Ok sir, sir or esko mentioned kon karega, kya ye hamare DDO me show karega ya bank eske liye stetment dega, or jab withdraw karege to Kahan se or kese karenge, phisicaly.
Sir me Army me hu....ager me NPS tier-1 ka plan leta hu to muze dono pension milegi Kyu ki ek pension to muze army ki taraf se milegi.....or ager me ye NPS scheme leta huto kya 2 pension milegi muze please reply sir
You can update certain details through online. You can select either NSDL or KFintech. Here is the link. www.npstrust.org.in/content/change-my-personal-details
Sir Mai job me hu ,Mai bank me tier 2 account open ke liye boli to undone phir se tier 1 hi open kar diya AR bole job wale nps tier 1 se tier 2 nahi kulta h...
Perfect example of point to point explanation. Thank you.
Thanks a lot for describing all very clearly - and subscribed the channel instantly - all the best
If we withdraw some amount, How taxation will be.
Explained in easy method thanks sir
Very nice information sir.
Need more clarity on taxation on withdrawal from tier II. Gains just added to total income or is there any indexation benefit like debt funds or exemption upto 1 lac like equity mutual funds?
Sir g ,Teir 2 से अमाउंट withdrawal करने पर टैक्स पूरे निकाले गए अमाउंट पर लगता या प्रॉफिट पर?
Please tell us sir g
Profit par
Switch kese karenge tier 2 to tier 1
Jo pasa mana investment ke tair 2 ma us par bhi tex lga ga ya jo return muja mla ga us par tex hoga
Excellent info, two questions 1. Do I need to add capital gain/ appreciation (from tier 2 investments) in my yearly income and pay tax as per my current tax slab? And 2. If I start withdrawing systematically after attaining 60 years of age (post retirement) from tier 2 account, say 2 lac / year then my net tax out go will be nil ( as per present income tax rates), correct? Kindly clarify. Thanks!
Sir nps tier 2 or ppf which is better for investment
I think you missed the point that NPS Tier-2 A/c taxation is same as that of Mutual funds i,e, only on capital gains. Your saying that tier-2 withdrawals are taxable as per tax slab gives impression as whole amount is taxable on individual tax slab, and this is misleading. Please correct.
It will be great if you could provide me any CBDT circular/ notification on it.
@@pankajmathpal Sir tax is always on gains / profit . Amount deposited by a person is not taxable in any scheme
@@mahesha6363 Please see this - www.etmoney.com/blog/investing-in-nps-tier-i-and-tier-ii-account/. It says entire corpus is taxed in Tier II on exit and not only the interest or gains earned.
@@pankajmathpal sir please clarify whether total amount including our subscriptions on tier2 is taxable.. As iam started investing in tier2 in Moderate sbi fund manager by holding till 5 years minimum around 2000 to 5000 per month.... Please guide me...
There’s no clear notification regarding taxation part of Tier II account. Only one thing is clear that transfers from tier II to tier I is non taxable
Need comparison video of nps tier 2 and elss
Sir, interest rates for tier 1 & tier 2 account are different or same?
Whether bullion India is trustworthy and ok to purchase gold /silver on line?
Thanks and regards
Better invest in Sovereign Gold Bond scheme.
Please make video on comparison of tier-2 account and mutual fund.
Ok.
Pls make a video on comparison with elss mf and tier 2
Also hw i partial withdrawal taxed? Do i pay tax on the total interest earned in a finamcial year at the end of the year?
A
Question...is the money invested in nps tier2 guaranteed by the government...what will happen if the fund goes bankrupt?
Very well explained in detail. Thank you !
You have not mentioned taxation calculations on withdrawal of tier 2 correctly..
Sir, how would be taxation on the withdrawal amount from Tier2? Can you please explain with example income tax on withdrawal. Thank you.
as per your tax slab.
Sir mai agr nps tier 2 me 20 lakh ka corpus collect kr leta hu. Or mai central government employee hu. Or meri salary 5 lakh se kam h. To mai tax nhi bharta. To jab m ye 20 lakh withdraw krungaa to ishpe kitna tax lagega.
Sir, tier 2 ko hi NPS swalamban account bhi kehte hai?
Sir, I'm unable to withdrow my money from tear 2 because my Nps account has been disable, now what have I do to withdrow my money from tear 2, please guide me🙏.
Kya matlab hua tier 2 ka jab tax pay karna hi hai withdrawal ke time.. ye to dhokha hai
Tier Acct me contribution ho rha h fir bhi tier 2 se 1, me switch kr skte h kya
Nps tier1 or tier 2 account se withdrawal subscriber ke aloba other parson nikl skte hai kiya
Please make one VDO with recent modification
Sir, can share video related to calculation of tier 2 account.
What kind of calculations do want to see in the video? I'll definitely try to make a video on that. Tier-II is like an open ended mutual fund scheme, where you can invest and withdraw money anytime.
Sir jab tier 2 wale contributions ko 80CcD ki deduction available h nai h to wo part already tax hogya 1 trah se, to fr withdrawal p frse tax kyu lgega???
Well explained in less time.
Please may I know that the additional 50 k tax benefit is for tier 1 only
Very clear Sir. Thank You
How to Close NPS Tier 2 Account online ..No Video Available in youtube...Please make video on This Topic..My humble request
Dear Sir,
NPS me jo corpus calculation dikhate he vo Guaranteed to nahi hota he ki etne hi ya uske aas pas ki bhi koi value hame milegi to hum kaise viswas kare ki itne sal investment karne ke bad hame good corpus milega 🤔
Suppose tier 2 my corpus 10 lakh hai aur mai retired 2050 hua to tax us samay ke hisab se lage ga. Assuming amount tax me kit na cut jae ga.
Can I deposit in tier 1 and tier 2 account at same time in every month
1. Tier 2 to tier 1 transfer of Rs. 50000 kiya hai. Can I claim 80ccd(1b)?
2. If I withdraw amount (only principle not profit), from tier 2 then I need to pay tax or not? My profit still in tier 2 account.
Withrawal ke time principle amount par bhi tax pay karna padega?
No
NpS/cra replied to my query about capital tax gain on switching from tier 2 to tier 1 "Subscriber, we wish to inform you that transaction of fund transfer from Tier II to tier I will not reflected in voluntary transaction statement" what this reply means
Sir I m confused about ur statement. Me jab withdraw kar ta hu to wo investment bhi count hoga ya only interest hi tax me count hoga
Can govt employee shift his nps amount debt to equity
sir namskar ek problem mujhe aap koi achha fund mannegar bataye jiska refund achha ho pl
Please suggest how to reset POP-SP password anf How I know the user I'd of POP-SP
Sir tnx for precious information
Clearly Explained !
Sir tire 2 withdraw pe only jitna return aata hai utna hi taxable hai as like mutual fund pl be noted
@rajkiranchinde5729, You can treat the gains as short term or long term capital gains as applicable and calculate the tax accordingly. You are watching a very old video.
Really helpful Sir...❤️❤️❤️
Sir please make a video on best fund under NPS Tier 2 account... I'm ingesting in HDFC tier 2 account with 75% equity. Am I on my right way???
Vai amaka msg koro please kichu jigesa korar chilo . WhatsApp-7980876668
No clarity on Tier 2 taxation keep way from investing till u are clear
Sir agar Sirf hm Tier-1 account hi rakhna chahe to koi problem hai kya
Hello Sir Good Evening,
How to transfer the funds from tier 2 to tier 1 in NPS?
Easily there is option for transfer funds from t2 to t1 in nps app
But I can't find the option in NPS app.
In which menu we can switch the funds from t2 to t1?
Please explain
Gov employee ko 80ccd1b ke tahet 50000/ tax benefit lene ke liya tier 1 account me nivesh karna hoga ya tier 2 me
Tier-1
Sir Maine August 2013 me tier 1 active Kiya aur 2017 me dusre job me account shift Kar diye to ab tier 1 se jab withdraw Karne jata hu to mujhe 2017 se invested amount ka 25% hi withdraw Karne ko mil rha koi prakriya hai Kya dono job ke amount ko sath me Lane ka ...halanki Mai withdraw nhi karna chahta but ye sthiti dekh Kar man me bechaini so ho gayi kahi 2013 se 2017 tak invested amount laps na ho jay
is there any indexation benifit for withdrawal from tier 2? after 3 years.
What is the tax treatment on amount withdrawn from tier 2 account? Is there indexation benefit on debt component?
Though many experts have different views but I have not found any documented evidence that indexation benefit can be claimed on the redemption proceeds of NPS Tier II account.
How funny is this? If Taxation is not clearly defined then what is the sense to launch such system.
Sir agar nps nahi kat raha hai to kya pension nahi milaga
Very good information
Sir tire 2 account deactivate keise kare please help me
At the time of retirement if I continue my NPS tier I account then can I transfer the fund from Tier II to tier I? I don’t want to waste my money by taking annuity, but if I can do this instead then I can save lots of tax and can do SLW till 75 years of age, and my money will grow as well….please let me know
I m 52 yrs old . How much return to expect (post tax 30% slab) in auto conservative option in tier 2 NPS
Tier 3 me tax ka calculation kase hoga
Hw is withdrawal from tier 2 taxed? If i add 1 lakh today & after 1 year the total amount (including returns) is 1.1 lakh & i withdraw entire amount, why wud i pay tax on the principal amount (since it was already taxed from my salary)..could you plz elaborate?
Nicely& clearly explined !!
If I invest in tier II up to 70 yrs and do not transfer fund from tier I to II,whether I will receive Long term capital gain benefit on withdrwal of full amount or entire financial gain will add to my income and I have to pay tax based on slab without LTCG.
May kindly clear this point also.
You are allowed to transfer from Tier II to Tier I and not from Tier I to Tier II. There is no provision of capital gain in NPS. When you withdraw a lump sum amount from Tier II, it will be added to your income for the year and will be taxable at the applicable slab rates.
@@pankajmathpal Thanks for your prompt and clear cut reply in simple language !!!
Mathpal sb. Request to make a vedio for sr.citizen non pensionable to generate passive income in addtion to invest in SS Scheme and PMVVY of LIC since the interest/ pension generated from it are not sufficient to live comfortably & financially free and also generate wealth from retiremental fund
@@arvindnagar6079 ok. Soon I'll work on it.
@@pankajmathpal you mean the entire amount (including the principle invested) will be taxed or only the capital appreciation part will be taxed on withdrawals?
if someone who have both account tier1 & tier2, tier 2 accounts amount can be swithched in tier1.
Yes
Sir
i have Active 100%G tier 2 account . in my next contribution i want to invest some amount say 50% of money to be invested in equity. How do i do that without changing scheme plan.
Select the asset class while investing money.
Mujhe call karo anand 7980876668
Sir,
My understanding on taxation is
1. If you withdraw before 3 years your tax slab applicable
2. If you withdraw after 3 years LTCG method use with indexation
3. If you want 40% also at retirement time , you can pay tax as per LTCG with indexation can take money home
Pl correct me if wrong
sir what is the rate of interest of TIER 2 ?
thank you
how money will debit in ties 2 nps
May i transfer tyre 1 account's whole money to tyre 2 account?
No. money can be transferred only from Tier 2 to Tier 1 and not other way round.
I am 52 yrs government employees I want to chose a debt fund which could give 7% post tax (30%) return which one to chose NPS auto conservative or long term gilt fund, duration around 5 yrs
Agar state gov ops lati he to tier 2 ka kya hoga
Is entire corpus (principal + ROI) invested in tier 2 account taxable on withdrawal?
Yes, the amount is taxable.
@@pankajmathpal Why should principal be taxable? Only returns should be taxable i.e. withdrawal amount - deposit amount.
I am 19 year old or mujhe bus job lgi or mujhe abhi kch nai ata smj me nps yeh wo mein kaha kaise invest kru mtlb ek dum se month me 1000r pocket money milty the saddn meko salary milne lgi me smj nai pa rahi kaha paise invest kru kaha khrcha I mean preshn hon
Helpful video sir. . .
Dear sir I have activated the nps tier 2 but e-sign not done can I do it later if not in physical form wheather I should sign the pop portion or not
No Aaj he karaw
Very good knowledge, Sir, may be live long!
Can we purchase SGB in this
Sir,I invest Rs 50000 p/a in tier -I a/c.This time I am 58.5 yrs old(dt of birth 30/12/1962 )and will retire from service on 30/12/2022.Sir I will invest Rs 50000 p/a till 2026 total Rs 300000 (50000*6)My questions are
1-How much in 2027 I will get?
2-How much of total accumulation will be invested in annuity and from there I will get how much pension per month?
Sir tier2 mai koi tax ki relax ni miltee hai galat kyu bta rhe hain
When there is no lock in why Govt will give tax benefits
very nicely explained
kya tier 2 account mein bhi tier 1 ki tarah interest milta hai
s
Nps tier ii auto vonservative v/s debt fund v/s long term gilt which will give better results
I expect better return from NPS Auto Choice option than debt funds/ gilt funds.
Sir I was applying nps tier 2 account open online but the last time I missed esign step .Now that link expired how can I do esign process now?????
Thank you so much sir
what is the procedure of deactivate of account of Tier-2?
Withdraw full amount and submit an application for account closure.
Sir if a citizen become non Indian citizen in subsequent years...can he still continue in NPS? Also, what would happen to money invested in tier1 account as he won’t be able to withdraw before 60
sir me ek government employee hu, kya me apne pran no se Tier 2 ko SBI me khol sakte hai, pran no dekar.
Yes
Thx sir, or SBI se kya me HDFC equity me sarvice provider or baki assets or debit me SBI le sakta hu,
Ya fir wo SBI fund ke paas hi jayenge , or kahen ki nahi yahan AAP keval SBI hi Lena padega
@@sandeepmamgain5819 ji, SBI आपके लिए एक point of presence (POP) होगा। आप कोई भी फंड मैनेजर चुन सकते हैं।
Ok sir, sir or esko mentioned kon karega, kya ye hamare DDO me show karega ya bank eske liye stetment dega, or jab withdraw karege to Kahan se or kese karenge, phisicaly.
Very informative video
Sir me Army me hu....ager me NPS tier-1 ka plan leta hu to muze dono pension milegi
Kyu ki ek pension to muze army ki taraf se milegi.....or ager me ye NPS scheme leta huto kya 2 pension milegi muze please reply sir
Can I gradually increase the monthly fees for tier 1?
Tire 2 Account kasa khol Sakta Hain sir
Click on my channel
Sir,
Very nice presentation. I have also watched your program on Zee news.
I want to change my account number in nps online.kindly guide.
You can update certain details through online. You can select either NSDL or KFintech. Here is the link. www.npstrust.org.in/content/change-my-personal-details
Sir Mai job me hu ,Mai bank me tier 2 account open ke liye boli to undone phir se tier 1 hi open kar diya AR bole job wale nps tier 1 se tier 2 nahi kulta h...
Unse kahiye ki ek person ke 2 Permanent Retirement Account Number (PRAN) nahin ho sakte.
@@pankajmathpal khul gaya h ab kya karu
Close ho sakta h 2nd tier 1 account ....jo bank ne khowa h
Sir meri age 38 years hai mujhe monthly two lac pension pane ke liye NPS me monthly kitna invest karna hoga
4 lakh
Good information
Very good information sir
Kya tier 1 se tier 2 men fund transfer kiya ja sakta hai?
No
@@pankajmathpal thanks sir
Sir if I add 2 lakh 50 thousand in tier 2 after 3 months If I will withdraw expected profit
Please sir reply
Thank you, very informative 🙏💐
Thanks