This is the idea of saving taxes... Do you know?

Before the end of the financial year 2022-23, taxpayers are starting to invest for tax saving.

If you are also looking for options for tax saving, you can opt for the National Pension System (NPS).

NPS comes under 80C and you can plan retirement by investing in it and availing tax benefits.

Under NPS, there are two types of accounts - Tier-1 and Tier-2. Tier-1 account is for people whose PF is not credited.

NPS is a long time investment. In this, they accumulate money during the job, which is obtained as a pension after retirement.

The NPS account holder gets an income tax exemption under Section 80 CCD up to an additional Rs 50,000.

By investing in NPS, you can easily save tax along with planning for retirement.

Anyone between 18 and 65 years old can start investing by opening an NPS account.

In this scheme, you can start investing on any day during the financial year.

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