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Hi, did anybody ever experience wrong tax calculations by JPMC Payroll/tax team ? Or is there any specific month where they deduct more tax. Huge amount of tax deduction is done for Oct payout. From my CA’s calculation the amount deducted by JPMC team looks wrong. Anybody experienced this?
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I would say it depends on how much risk adverse you are, if you fall in less than 30% tax bracket it doesn't makes sense and keep in mind at 60 years of age you have to take an annuity plan of 40% of your corpus.
Rising Star
At 30% bracket yes else noo
If anyone is saying don't invest, don't listen to them, in case if NPS the sooner you start the better it is, your Ctc will eventually increase and you will need Nps to save tax, start NPS Aaccount right now.
Yes.. we can contribute upto 10% of basic.
If you are paying a lot of tax already... go for NPS
I feel it is worth, you can exempt 10% of basic + additional 50k(additional contribution from your side). Start early to get huge benifits.
+1