What is EEE status in NPS
In the National Pension Scheme (NPS), the status of "EEE" stands for "Exempt-Exempt-Exempt." This means that all aspects of your investment are completely tax-exempt: both your contributions and the returns earned on those contributions are free
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EEE What is status inNPS? In the National Pension Scheme (NPS), the status of "EEE" stands for "Exempt-Exempt- Exempt." This means that all aspects of your investment are completely tax-exempt: both your contributions and the returns earned on those contributions are free from taxes, as well as the amount you withdraw upon maturity. This provides a significant tax advantage for investors, as you do not pay any tax on your NPS investment at any stage of its lifecycle. The EEE status refers to three distinct phases of tax exemption related to investments under certain schemes like the NPS: Exemption at the time of Investment Exemption at the time of Accretion Exemption at the time of Withdrawal Advantages of EEE in NPS Exemption at the time of Investment: If you invest in the NPS, your contributions will not be taxed, meaning the portion of your salary contribution is tax-exempt as per the limit set by PFRDA Exemption at the time of Accretion: As the corpus expands, it starts to accrue interest. This interest accumulation will also be tax-free Exemption at the time of Withdrawal: When the investment matures, the amount you withdraw is tax-exempt. This means you do not pay any taxes on the principal or accumulated interest. Visit your nearest UTI Pension Fund branch to open your NPS Account today.
