National Pension Scheme Tax Benefits | How to use NPS scheme to Save Tax

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Title	:	National Pension Scheme Tax Benefits \| How to use NPS scheme to Save Tax
Lasting	:	4.06
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Excellent knowledge
Comment from : RAJESH Shah

Hi, thank you for explaining about NPS in such simple way I have a question! If I have completely covered my 80C bracket of 15lakhs with other options like PF or Mutual Funds, can I just invest 50,000/- in my NPS annually and claim the additional 80CCD(1B) tax exempt? Or Do I have to invest 2,00,000/- to NPS annually (1,50,000/- + 50,000/-) to claim the additional 80CCD(1B) tax exempt?
Comment from : Mayank Rathore

NPS is not EEE Don’t spread rumours
Comment from : Billu Bilu

Hi ETmoney, what is the maximum amount can a employer contribute towards NPS account of employee, if 10 of Basic becomes annually 10Lakhs is it tax free
Comment from : Srikanth Tumma

Could you please throw some more light on the calculation of tax savings of ₹62400/- for 30 tax bracket( running time 2: 22) Thx Nice video
Comment from : Anil Repswal

Nicely presented Great info
Comment from : Dilip Chenani

Please do a video on withdrawal too
Comment from : Adarsh Chacko

After investing, how many days it will take get reflected in our NPS account?brI have invested 2 days back, still no update abt the investment in the accountbrCan someone help on this?
Comment from : Aswin CK

Sir can I invest 200 lakh in nps at my age 58 and withdraw 60 at my 60 retirement age? Will I got Tax exemption on full 200 lakh?
Comment from : Milan Vidaja

can i invest 15 lps in ppf and 50K in NPS to get addintion 50k benefit in 80 C(1)
Comment from : Akshay Singh

Sir can i invest only 50k in nps and show investment under 80CCD(1B) to save tax or 2 lakhs investment is must in nps to get that benefit?
Comment from : ghost rider

62400 tax saving in 30slab rate means?
Comment from : Barkha Madnani

Madam, my NPS account opened after 1 year of joining In this time there is no deduction for NPS Now, can it possible to deposit pending 1 year of NPS deduction??? Please reply🙏🙏🙏🙏
Comment from : Joydeep Sarkar

My current employer dosent support NPS, however from my previous organisation I have NPS tier 1 account ,can I voluntarily contribute and seek benefit under NPS 80CCD2
Comment from : Abhishek Barat

Can we declare tax for nps only in 80ccd(1b) without declaring nothing in 80c/80ccd(1)?
Comment from : debashis debnath

80C may without NPS contributions 150000 limit khatam ho jati hey to maximum kitna amount ka invest kar sakte hey tax benefits ke liye self + employer contribution amount milake
Comment from : Prakash Bhoi

Hi, my 80C limit has reached (using insurance payments, ELSS & pff), so can I just invest 50k in NPS and claim under 80CCD(1B)?
Comment from : Ajay Jaiswal

i want to add one point the 40 of our corpus will be invested in annuity plan and the pension which we receive is taxed according to tax bracket
Comment from : Pradyumna S

And i think 2,90,000/- tax deduction is misrepresented here claimed Rs 90,000 would come within the limit of 2,00,000/- itself and not over and above itbr@ETmoney , kindly correct me if wrong
Comment from : deepanshu punia

SirbrI working under Central Govt Employee My Provident Fund Subscription deduct from my monthly Salary Can I Open eNPS Account for getting Additional Tax Saving 50000 Rupees ?
Comment from : Adhinath M Lokhande

excellent explanation, thanks
Comment from : Unknown Tech

Kaya 50000 ka additional tax benefit new tax regime mein milta hai ki nahi
Comment from : Sanjeev Kumar

Sir plz clear my one doubt in my gross salary employer contribution is not addedits dirctly get deposit in nps accountstill i can take benefit of 80 ccd(2) and also of 80 c and 80ccd(1)
Comment from : charu awasthy

Short, oriented and clean explanation Thanks
Comment from : Ravi Kumar

Hi can some 1 guide me cn i invest 15Lac in elss fund and 50k in nps would it give deduction of 2L? Or I need invest complete 2lac in NPS to get 2lac deduction
Comment from : Faizan Lala

Raju
Comment from : Sukh Dev

Very nice video sir
Comment from : 4 by gaming

Thank you so much it's helpful for my exams ❤️
Comment from : Jeeva latha

Hello, When you say about NPS returns, is it the amount in Tier 1 account? Or, the sum of amounts in both Tier 1 and Tier 2 accounts?
Comment from : Suriya Gayathri

Can a subscriber increase/decrease his contribution in ETMoney app for NPS-SIP
Comment from : R&N Blog Travels for Food

Very good knowledge you gave us
Comment from : preeti sharma

Very well explained
Comment from : gaurav mukherjee

👌
Comment from : ajay Singh

Is NPS still in EEE category ?
Comment from : Ravi Jani

Thanks Bhai
Comment from : sachin kumar

As said, if NPS is EEE (no taxable so) What is the point of applying tax exemptions (80d, ccd Etc) Apprieciate if you can clarify this Thank you
Comment from : Naveen K R

Do we have to claim tax every year or only after withdrawal??
Comment from : Por Mynta

Initially, it was EEE but now it is EET Please confirm and explain
Comment from : Sandhya Shelar

Thanks for the Detailed video brbrAs my 80C component is exhausted with home loan+ insurance brbrIs it possible to have save tax in below way brbrbrbra) Deduction for employee’s contribution 80CCD(1) : 0 brbrb) Deduction for employer contribution 80CCD(2) : 10 basic of salary brbrbrbrSo my question Is it mandatory to have self contribution in NPS to avail, tax benefit on amount for Employer contribution in NPS brbrThanks
Comment from : rahul talar

Is it allowed to withdraw 100 of investment + benifit on 60th age of investor?
Comment from : Anoop

Can we claim 15 lacs in 80c for other elss n lic and 50k extra for nps Ie investing only 50 k in nps thereby total exemption of 2 lacs
Comment from : Vaibhav Tiwari

What if I have invested 15 Lakh in PPF under 80C Can I get additional 50,000 deduction under 80CCD by investing 50000 in NPS?
Comment from : Kirti Ladha

HI To invest under 80ccd1b is it mandatory to invest in 80ccd1 before?
Comment from : Ravimax Creations

Nicely presented, one thing I think is EEE regime doesn't apply to NPS At maturity You are compulsorily required to keep aside at least 40 of the corpus to receive a regular pension from a PFRDA-registered insurance firm Of the remaining 60, 40 is tax-free The remaining 20 will be subjected to taxation as per your tax slab
Comment from : Mohsin Raza

Standard Deduction 50000 haibrOr PF deduction 42707 hai to kya Muje 92707 deduction milege na??
Comment from : Gyana Krishana

TIER 1 or 2 which plan get extra 50000 diduction?
Comment from : Gopinath Mondal

Can we invest 15L in ELSS and 50,000 in NPS, thereby claiming 15L on ELSS for 80C and 50,000 for 80CCD (1B) ??brIs there a condition that NPS should be part of both 80C and 80CCD (1B) ??brbrThank you for the great video !!
Comment from : Devendra Singh Bohra

Very nice and informative video in a summarized manner Good effort
Comment from : Srinivasan Srikant

Wong info nps is eee but only 60 of maturity amount 40 u have to take as annuity plan which is taxable in the years u get it
Comment from : Ahmed Shareef

Can We claim tax benefits under 80C for amount paid for spouse NPS
Comment from : vikash singh

Is ET Money only to the hindi speaking ppl??
Comment from : barath mech

Such a nice video It's clear my all doubt's Thankyou sir
Comment from : Seema Sharwa

Sir I have 2 queries br1) Agar me 15 lac 80c me invest kar leta hun without considering my nps amount, tab kya jo mera nps ka wo amount, jo mene 15 lac me consider nahi kya tha wo amount me extra 50k section 80ccd(1B) me show kar skta hun kya ?brbr2) 15 lac under 80c me kya mera or employer dono ka nps amount consider hota hai ? Ya sirf mera deduction nps amount hi 15 lac me consider hoga ?
Comment from : Mohit Chandawat

What is definition of Government ? brCan state Government employe can take 14 deduction ?
Comment from : Ritesh Deshmukh

Sir, you said that all money we received is tax free I read somewhere that 40 of amount, from which we need to buy insurance pension that is taxable??
Comment from : Akansha Rawat

Want to know I Am govt employee pay grade 4800 ➕ 17 Percent DA how much govt will deduct on nps Every month my age 30 what I will get as pension amount at time of retirement and lumpsum I will also going for PPF 15 lakh yearly 2020-2021 should invest both in order to get tax exemptwhat I will pay in now What Indian government paying on that
Comment from : Nick Dawson

Sir i have a question that nps have yearly 1000 contributionbut it pay one time or i pay 100 rupee per month!!??
Comment from : VASCO

Sir jo aapne 3 rd point bataya hai usme 90000 employer jo add kerta hai vo nps account mai save hote hai gross salary mai to nahi judte to hum uska deduction kaise le that's my doubt if I am able to understand Because I was aware 3 point ist and 2nd 3rd point is new so calrify it Because this is big beneficial for us 90000 tax deduction over 2 lakh 80c and 80ccd 1 b
Comment from : akshay kumar

Sir employer 14 contribute but 80ccd2 limit 10 taxable 4
Comment from : Santosh Aleri

Also, post the video in English
Comment from : Venkat selva1

Mere 80c ka total 160000 hai jisme 60000 nps ka hai jo ki mere department me deduct kia hai Kye me nps ka 50000 80ccd(1B) me show Kar sakta hi aur remaining 10000 80c me show krke 40000 kisi aur me invest krke like mutual fund total 200000 saving Kar sakta hua kya
Comment from : Kuzey

Due to Carona, we can invest in NPS upto 30062020 and claim IT deduction for FY-2019-2020 (AY 2020-2021) Is it correct?
Comment from : Kodidasu Babji

80 ccd 1b me benefit lene ke liye kiya (150000+) nps me invest karna jaroori hai?ya mei 150000 80c ke dusre options jaise ki pf ppf etc me invest karne ke baad 20000 ya 30000 nps me invest karke bhi 80ccd 1b me benefit le sakta hoon?secondly, in that case tax benefit kitne ka milega?
Comment from : Subhankar Bhattacharya