Maximize Tax Benefits with NPS

[fradela]

For those who haven’t opened an NPS account yet, I highly recommend doing so and investing the maximum amount of ₹50,000.
If you fall under the 30% tax slab, you can save ₹15,000 in taxes. Effectively, you’re only spending ₹35,000, and the ₹15,000 is like a bonus!
It’s a great way to save on taxes and build a retirement corpus.

 

[Zacobite]

For those who haven’t opened an NPS account yet, I highly recommend doing so and investing the maximum amount of ₹50,000.
If you fall under the 30% tax slab, you can save ₹15,000 in taxes. Effectively, you’re only spending ₹35,000, and the ₹15,000 is like a bonus!
It’s a great way to save on taxes and build a retirement corpus.

Agree.. and if u have corporate nps.. even better... there are many anti-nps however the pfrda needs to do more to create awareness and better understanding of a fabulous product.. it has some disadvantages primarily the forced annuity but still gives u an option to extend

 

[panu24]

For those who haven’t opened an NPS account yet, I highly recommend doing so and investing the maximum amount of ₹50,000.
If you fall under the 30% tax slab, you can save ₹15,000 in taxes. Effectively, you’re only spending ₹35,000, and the ₹15,000 is like a bonus!
It’s a great way to save on taxes and build a retirement corpus.

There is already a thread on this topic

Thread 'NPS investment for tax savings'

Jan 9, 2024

Hi,
We all know under section 80ccd , if we invest worth 50k in NPS account, then that would be tax free.
So if one falls under 30% tax slab, there is a straight savings of Rs 15k.

But the question is, the NPS investment still advisable or recommended considering that only partially we can withdraw the amount at retirement and the rest is received as pension.

Just posting this thread to discuss why (if someone opted for extra 50k deduction through NPS) should one opt for NPS. Basically the pros and cons of investing to come at a conclusion. Also, I am expecting that we will get a...

• DaDarkkNight
• #investment nps
• Replies: 21
• Forum: Government Investment Schemes

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