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Should I invest in NPS for extra tax benefit

I am a government employee with GPF within 20% of income tax bracket. My retirement will be after 15 years. Should I invest Rs. 50,000 in NPS for extra tax benefits?

Jan 5, 2017 by Naresh Kumar, Delhi  |   Financial Planning

You may be aware that, in the Budget of 2015, the Finance Minister announced an additional tax saving of Rs. 50,000 per year Under Section 80CCD of the Income Tax Act 1961. This is over and above the amount of Rs. 150,000 that one can avail as tax rebate under Section 80C of the Income Tax Act 1961.

Therefore, if you have already availed the rebate of Rs. 150,000 under Section 80C, and want to avail further tax benefit of Rs. 50,000 under section 80CCD, then of course you should invest in NPS.

To know more about NPS, do read this https://www.advisorkhoj.com/articles/National-Pension-Scheme...

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