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

Investor

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

Anyone opted for corporate NPS ? Any pros and cons ?

Corporate NPS

Product Head

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

Product Manager

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

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

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

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

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

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

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

I invested in Mutual fund through SIP.
Total profit was 6k after 1 year (Total invested amount around 60k)
Today I saw monthly NPS statement of June 2024 month. This NPS contribution consist of company contribution and person contribution of ₹100 per month.

Total gain is 13399 for 60397 total contribution.
I am surprised to see higher returns on my NPS than my Mutual fund investment.

NPS vs Mutual Fund

Software Developer

Thank me later

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?

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

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