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)
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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 inv...
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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.
