Sir,
Greetings of the Day. I was looking for some information about NPS Tier II. Then I came to the article written by you and available in your website. Now I do not have any query about NPS. Thanks to you for such a valuable write-up.
What I now need to know is as follows : I am a Government Employee since 1998 and I am governed by General Provident Fund. I am also having a PPF Fund. I know that investing in NPS Tier II (upto Rs.50,000/-) would help me to have further tax savings. But before doing that, I was wondering whether I should really go for NPS-II since I am already having (1) GPF, and (2) PPF. So far I came to know from your article, withdrawal from NPS-II is taxable.
Then, should I really go for it just for the sake of availing Tax Benefit upto Rs.50,000? Shall it really be a profitable one in my case in the long run ?