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@eluid Talk to your employer. If they have an option to invest in NPS (emplyer contribution with no obligation by employee to match it), then you must take it . it will reduce your tax liability as well and your money will grow. Just for a comparison, the XIRR for last FY in equity (70%) in...

@eluid EPF and PPF are still considered as very good investments. EPF is generally much more relaxed and the interest rate is always more than 8%. It is generally easy to withdraw (despite the bad news recently). PPF is a bit more tight but it is an EEE investment. Despite the 15 years lock...

@eagleeyepro 500 is minimum and it is better to invest that b/w 1-4 april so that you get interest on it every month

@theloverofgod woah woah woah! All because of NPS :D :D JK, you should definitely fight for it my man. Make some noise and people will notice. I had to highlight this in my org 10 times but finally we got it

@shadowflame Read this article https://cleartax.in/s/income-tax-slabs To know more about

@theloverofgod That sucks man. I had to fight my organization for 2 years before they finally introduced it. It is not your payroll my friend but govt regulations. There isn't much you pay roll can do here.

@theloverofgod You can't change it once your employment has been started. There are only two slabs in EPF: 1800 rs per month 12% of your basic per month You can go from 1->2 in your organization if it is allowed but you can never go from 2 -> 1 in same organization unless you leave and re-join

@greensquirrel If the payment to AMC was made before 2pm, it would be counted in this year and today's NAV will be applicable If done after, it will be for next year and you are fucked

@elliot44 Recently came to know that even Govt employees can choose equity as well in NPS (but upto 50% maximum)

@sonofzion Nope. Your HR is wrong. Employee contributions to NPS are not at all exempted in NPS in new regime. Only Employer contributions (upto 7.5L in a year) are exempted from tax calculation

@sonofzion You are mistaken here my friend. What happens in case of NPS contributions is that your employer still reports to govt and it will still be present in your Form 16 too. However, contributions to NPS by employer are exempted provided those are 10% of basic and total doesn't exceed...