National Pension Scheme India | Get Rs. 50,000/- Tax Exemption in NPS (Part 2/3)

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#NPS #NationalPensionScheme #taxplanning

National Pension Scheme (NPS) is a retirement/tax saving scheme that can help save tax and get regular pension after retirement. The Government of India introduced the National Pension scheme in 2004 for Government Employees only but was later opened to all citizens of the country in 2009.

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In this video Mr. Varun Malhotra will explain the Sub-sections under 80C under the National Pension scheme (NPS), which salaried and self employed professionals can use to reduce their Income tax liability. We will discuss :

1. Section CCD1
2. Section CCD2
3. Section 80 CCD (1B)..and which one is the best for tax saving purpose

The Tax benefits provided under NPS, the associated sub-sections under 80C and the extra 50K exemption under this National pension scheme will be discussed in this video.

In the next video on the National Pension Scheme, we will show the exact calculations for different tax brackets and the respective tax saving of each bracket and whether we would prefer NPS or simply invest in a Nifty index fund for the long term. These questions will be answered in detail in the next video (Part 3)

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