{"id":10833,"date":"2022-04-14T10:12:55","date_gmt":"2022-04-14T10:12:55","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=10833"},"modified":"2022-04-16T06:33:36","modified_gmt":"2022-04-16T06:33:36","slug":"nps-for-retirement-planning","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/","title":{"rendered":"NPS for Retirement Planning"},"content":{"rendered":"<div>\n<p>Presenting Investor Education Originals, where we simplify the basics of personal finance and investing for you. In this video, you will learn how to avail extra \u20b9 50,000 deduction with NPS.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p><iframe loading=\"lazy\" title=\"National Pension Scheme | NPS for Retirement and extra \u20b950,000 tax deduction\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/3y_q_2h1YrY?list=PLDSzQdT9nLmBFD2p94O5p2pZ4vEUR-Thz\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">As a tax-payer, you&#8217;d be aware of the tax-saving options under Section 80-C, which are life insurance premium, HRA, EPF, PPF, NSC, ELSS, and interest on home loans.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">However, as your CTC increases, you will easily exhaust the \u20b91.5 Lakh limit. However, there&#8217;s a way to get extra \u20b950000 deductions with an NPS account.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">National Pension System is a retirement investment option. <\/span><span data-preserver-spaces=\"true\">One can open an eNPS account from the NSDL portal itself. Salaried employees have an option to open it through their employers as well. Visit this link to open your account: <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqa18yeFRlWUFlbkJiSzVFTzFYYWk2S1E0MEZUUXxBQ3Jtc0trUGFMOTJFYUxjVUE1TkJxN0ZrTXNKeXh2cVFUal9lRTE1R2dNYmtVSVQ1VUEySnNwa2RqYTF3bXlUb0xOa0VHdW9FWDNONDdEQ0VycUg2WGs5SV90LWZPZGF2MERScWI2TFBXRUNQVFFaR1JhbGx5Yw&amp;q=https%3A%2F%2Fnsdl.co.in%2F\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">https:\/\/nsdl.co.in\/<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">Section 80CCD (1) is a specific section dedicated to NPS contribution. <\/span><span data-preserver-spaces=\"true\">Under this section, you may avail tax deduction of up to \u20b91.5 lakh against self-contribution to NPS account. The sub-section 80CCD (1B) makes you eligible for availing an extra Rs 50,000 tax deduction against self-contribution to NPS.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">If you are a salaried employee, you get some additional tax benefit under Section 80CCD (2). This section pertains to employer\u2019s contribution to your NPS account. The maximum tax deduction permissible against NPS contribution is 10% of the annual basic salary + Dearness allowance. And for Self-employed people, the limit is 20% of their gross annual income.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a title=\"\" href=\"https:\/\/kuvera.in\/explore\/insure\/health\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" class=\"mcnImage alignnone\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/09540ce1-5839-4a18-884a-c3ff151122ad.png\" alt=\"\" width=\"564\" height=\"150\" align=\"center\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <strong><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a><\/strong> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai #PersonalFinance #InvestorEducation<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Presenting Investor Education Originals, where we simplify the basics of personal finance and investing for you. In this video, you will learn how to avail extra \u20b9 50,000 deduction with NPS. &nbsp; &nbsp; As a tax-payer, you&#8217;d be aware of the tax-saving options under Section 80-C, which are life insurance premium, HRA, EPF, PPF, NSC, [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":10846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[99,590],"tags":[12,617,616,619,96,612,70,618],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NPS for extra Rs. 50000 deduction | Kuvera<\/title>\n<meta name=\"description\" content=\"Already exhausted the \u20b91.5 lakh deduction limit? Learn how to avail extra \u20b9 50,000 deductions with an NPS account.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NPS for extra Rs. 50000 deduction | Kuvera\" \/>\n<meta property=\"og:description\" content=\"Already exhausted the \u20b91.5 lakh deduction limit? Learn how to avail extra \u20b9 50,000 deductions with an NPS account.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-14T10:12:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-16T06:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/04\/Untitled-2-01-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kuvera\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kuvera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NPS for extra Rs. 50000 deduction | Kuvera","description":"Already exhausted the \u20b91.5 lakh deduction limit? Learn how to avail extra \u20b9 50,000 deductions with an NPS account.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/","og_locale":"en_US","og_type":"article","og_title":"NPS for extra Rs. 50000 deduction | Kuvera","og_description":"Already exhausted the \u20b91.5 lakh deduction limit? Learn how to avail extra \u20b9 50,000 deductions with an NPS account.","og_url":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/","og_site_name":"Kuvera","article_publisher":"https:\/\/www.facebook.com\/kuvera.in","article_published_time":"2022-04-14T10:12:55+00:00","article_modified_time":"2022-04-16T06:33:36+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/04\/Untitled-2-01-1.png","type":"image\/png"}],"author":"Kuvera","twitter_card":"summary_large_image","twitter_creator":"@Kuvera_In","twitter_site":"@Kuvera_In","twitter_misc":{"Written by":"Kuvera","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/#article","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/"},"author":{"name":"Kuvera","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/6b774e7d3516942b9e0242c93d7cb307"},"headline":"NPS for Retirement Planning","datePublished":"2022-04-14T10:12:55+00:00","dateModified":"2022-04-16T06:33:36+00:00","mainEntityOfPage":{"@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/"},"wordCount":291,"commentCount":0,"publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"keywords":["Investment","National payment system","NPS","NPS account","Personal Finance","risk-free investment","Section 80C","tax deduction"],"articleSection":["Investing 101","Tax Saving"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/","url":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/","name":"NPS for extra Rs. 50000 deduction | Kuvera","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/#website"},"datePublished":"2022-04-14T10:12:55+00:00","dateModified":"2022-04-16T06:33:36+00:00","description":"Already exhausted the \u20b91.5 lakh deduction limit? Learn how to avail extra \u20b9 50,000 deductions with an NPS account.","breadcrumb":{"@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/kuvera.in\/blog\/nps-for-retirement-planning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kuvera.in\/blog\/"},{"@type":"ListItem","position":2,"name":"NPS for Retirement Planning"}]},{"@type":"WebSite","@id":"https:\/\/kuvera.in\/blog\/#website","url":"https:\/\/kuvera.in\/blog\/","name":"Kuvera","description":"Wealth Management, Simplified","publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kuvera.in\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/kuvera.in\/blog\/#organization","name":"Kuvera","url":"https:\/\/kuvera.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","width":83,"height":13,"caption":"Kuvera"},"image":{"@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kuvera.in","https:\/\/twitter.com\/Kuvera_In","https:\/\/www.instagram.com\/kuvera.in","https:\/\/www.linkedin.com\/company-beta\/10456535\/"]},{"@type":"Person","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/6b774e7d3516942b9e0242c93d7cb307","name":"Kuvera","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/social-media-logo-02-alt-v3-150x150.jpg","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/07\/social-media-logo-02-alt-v3-150x150.jpg","caption":"Kuvera"},"description":"Kuvera is India's first free Direct Mutual Fund investing platform. We bring you goal-based investing and innovative features like Tax Harvesting, TradeSmart, Family Account and more!","sameAs":["http:\/\/kuvera.in"],"url":"https:\/\/kuvera.in\/blog\/author\/kuvera-research\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/10833"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=10833"}],"version-history":[{"count":10,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/10833\/revisions"}],"predecessor-version":[{"id":10961,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/10833\/revisions\/10961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/10846"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=10833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=10833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=10833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}