Hi Fishes...is it worth investing in NPS to save tax considering the lock in period?

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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.

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At 30% bracket yes else noo

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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.

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Yes.. we can contribute upto 10% of basic.

If you are paying a lot of tax already... go for NPS

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I feel it is worth, you can exempt 10% of basic + additional 50k(additional contribution from your side). Start early to get huge benifits.

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+1

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