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2. Retirement Benefits: The major benefit of the Atal Pension Yojana is the retirement benefit. However, the retirement benefit or the monthly pension will completely depend on the contributions made.
3. Tax Benefits: In order to encourage people to invest in the APY scheme, the government is providing tax benefits on the contributions made to the Yojana. The APY scheme tax benefits can be availed under Section 80CCD (1B), to the tune of Rs. 50,000 over and above the 1.5 lakhs.
In conclusion, if you want an assured pension after the age of 60 years, you should consider the Atal Pension Yojana.
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