Corporate NPS comes under 80 ccd(2). So 80ccd(2) is beyond the 1.5 lakhs of 80C and 50,000 of 80ccd(1).  
  
 Your employer instead of paying you the salary, instead deposits it in NPS. So this reduces your taxable salary and hence, tax. 
  
 From an investment perspective it is just like an NPS - some like it, some don’t. If you want higher liquidity today to buy a house, repay loans etc then you may give NPS a miss

PS there is a limit of 10% of basic + DA that your employer can contribute to NPS under 80ccd(2)

Finance Consultant

Can we invest more than 50k in nps? 
  
 Like 50k my employer will invest on my behalf and I'll also do 50k 
  
 Can I get redemption on 1lakh or just 50k

You can claim a deduction of 50k under 80CCD(1) and another 50k under 80CCD(2). In short, yes 1L.

Product Manager

Data engineer

Anyone opted for corporate NPS ? Any pros and cons ?

Welcome to Personal Finance's Private Community

Corporate NPS

Product Head

Corporate NPS- Grapevine

I am planning to invest in National Pension Scheme. Is it a wise decision or any better options for retirement planning? And if you have already invested pls suggest which one to invest in. 

Please let me know your views if you have invested or planning to in future

Investing in NPS

Application Analyst

we see a new NPS creation in payslip section. Is there any benefits taken NPS from company

Investor

Welcome to Indian Startups's Private Community

In an infinite option pool to choose from, wise choice can be made with accurate insights, and what's more accurate than an insight shared by insiders!

Share the pros and cons of joining your organization!

Let's burst some myths and reveal the unknown!

Pros and Cons

DevOps Engineer

Consider investing in NPS and taking the tax benefit (however locking money until 60 atleast) vs investing in mutual funds.

Please share your thoughts if its worth the tax benefit.

Any opinions about if one should invest in NPS or not.

Equity Research

An extra drop of tax benefit from already squeezed salaried lemons.

So this is something that I have been researching for a while, apart from very well known instruments such as-(only mentioning the ones that should be done by everyone irrespective)
* 1.5L annually through 80C
* 50k standard deduction 
* HRA claim
* Donation claims
* Insurance/Medical claims

How are you folks optimising your post tax income?
Would really like to hear it from people getting >= 24 LPA fixed, since from this point onwards a major chunk (almost 20% goes in taxes) and it really hurts.

Tax Savings for 30% slab

Software Engineer

Does Deloitte have "Employer Contribution to Tier 1 NPS" ? If yes, Is there a portal where we can enroll for it or it has to be discussed with HR to change the payroll structure ?

Senior Consultant

Welcome to IT Company Discussion's Private Community

Any thoughts on career transition from full time at big companies to freelancer? 

I have 5.7 years of exp of FSE. and would like to settle as freelancer in near future. 
I want to experiment this option for 1 year and if not succeeded is it okay to switch back to full time emp? Is it worth taking the risk considering my financial status? 

I see these are pros and cons
Pros:
Complete wfh.
Direct contact with clients no boss/manager

Cons:
Income will be effected if no project. 
Continuous search for projects. 
Risky. 

Any other pros and cons one can think of pls mention in the comments. I would definitely try this option for atleast one year.

Transition to Freelancer in India.

Software Developer

I've been trying to login to the NPS portal via both web and mobile app to contribute to save taxes, but this is really the most pathetic portal I've ever seen.

On the web app it says 'Entered and Computed Captcha incorrect' god-damn everytime.

On the mobile app, the payment screen doesn't load.

How are you guys contributing to NPS? Is there any other way apart from the portal? 

One of my friends does contribute to it via ET Money. But I'm not sure if it's safe to do via a private company. What if ET Money dissolves? Does my money get affected too?

 Interested to know what you guys are doing.

NPS portal not working

Digital Marketing Manager

How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.

Tax Saving

Performance Marketer

NPS 80 CCD(1B) is the best low cost option if you can save additional 50k per year. It comes with a long lock-in but since we mostly don’t have jobs with pensions so it’s worth to get lakhs of Rupees when we retire. March is around so if anyone wants to invest quickly and save tax, can message me. Happy to help!

NPS is best for 7LPA+ salaried. Are you investing? If not, why not?

Founder

Maybe it’s just a bad month for me but I am genuinely considering whether I want to continue working in Startup’s after 4 years of chaos.(Mostly Product Management)

Has anyone here made the transition to a corporate role? How was it better/worse? 🤕

Startup to Corporate?

Welcome to Software Engineers's Private Community

What are the long term growth prospects of a software developer at a trading firm and what are the exit options. I am talking of roles like C++ developer.  Should one join these firms in software role or is it better staying in product based companies.

I am a SDE-1 at a unicorn startup but have experience in finance through internship.

Software Engineering at trading firms

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

Corporate NPS

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