Is National Pension Scheme (NPS) is the best Retirement option compared to Employee Provident Fund (EPF) and Public Provident Fund (PPF)?
Investor: Views mentioned in the below mentioned link about NPS are right?
Mr. Gerard Colaco: I do not agree that NPS is the best retirement option compared to the EPF and the PPF. The article referred to by you starts with the Rs 50,000/- additional tax benefit given to the NPS from 1st April 2015 under Section CCD of the Income-tax Act. This is ridiculous. There was an existing benefit of Rs 1.5 lakhs to the NPS already under Section 80C, although this space was shared by other tax saving investment avenues too.