Atal Pension Yojana Tax benefits
Atal Pension Yojana offers tax benefits under Section 80C of the Income Tax Act. Premiums paid under the scheme are eligible for a deduction of Rs. 50,000 under Section 80CCD (1B).
Atal Pension Yojana Pension Options
Besides the Rs 5000 monthly pension, investors can choose other pensions options from Rs 1000 per month, Rs 2000 per month, Rs 3000 per month, and Rs 4000 per month.
Atal Pension Yojana Premium
The premiums under Atal Pension Yojana depend on the age of the investor. For instance, an investor aged 18 will have to pay a premium of just Rs 210 per month to receive Rs 5000 on monthly basis after turing 60. On the other hand, an investor entering the scheme at the age of 39 will have to invest Rs 1318 per month for the remaining 21 years to receive Rs 5000 monthly pension under the scheme
