Web Event: Should You Invest In NPS For Extra Tax Savings?
Date: 04-04-2017 Views: 1006
National Pension Scheme (NPS) helps you save tax and provides additional tax savings of Rs 50,000 under Section 80CCD over and above the regular tax deduction limit of Rs 1.5 lakh under Section 80C. Is that a reason enough for people to invest in it? The answer. Edited Highlights 0:46 Should you invest in National Pension Scheme (NPS) for extra amount of tax deduction?
1:27 NPS gives extra tax deduction over and above the regular annual limit of Rs 1.5 lakh
1:36 If employed, you have provident fund for retirement savings
1:41 Self-employed might be having other retirement investments
1:45 NPS combines tax deduction with retirement savings
1:52 Is the extra Rs 50,000 of tax deduction under Section 80 CCD for NPS worth the bother?
1:59 At any stage investment in NPS is worth. This is so even for someone at a lower tax bracket
2:14 In a 30% tax bracket, an investment of Rs 50,000 will save tax of Rs 15,000
