Web Event: Should You Invest In NPS For Extra Tax Savings?

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. Subscribe: https://www.youtube.com/channel/UCQTqvgT_qzPZn1D1bHsxtKw?sub_confirmation=1 Visit YouTube channel: https://www.youtube.com/c/FundooMoneyWorld Share Video: https://youtu.be/Mfo5OfhW2xA 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 2:29 You are effectively investing Rs 35,000 2:33 Whereas you will be credited with Rs 50,000 to start with 2:50 If someone has enough pension schemes and he is not worried about retirement income, he could give it a pass FundooMoney Website: www.fundoomoney.com Facebook: https://www.facebook.com/fundoomoney/ Pinterest: https://in.pinterest.com/fundoomoney/ Twitter: https://twitter.com/FundooMoney Google+ : https://plus.google.com/u/0/+FundooMoneyWorld Sound Cloud: soundcloud.com/fundoomoney Slideshare: www.slideshare.net/FundooMoneyWorld

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