Sanjay Shetty’s tax annual income is only 8.7%, but Tax Spanner estimates that it will be reduced by about 70,000 rupees, and if the NPS benefits its company offers, it will invest more in her scheme and take a home loan.
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Under Sec 80CCD (2d), 10% of the basic salary paid in the NPS by the employer is free. If she has invested Rs 4,632 on behalf of Ships every month, her annual tax will be around Rs 12,000. Another Rs.10,300 will save me 50p rupees in the Shipping NPS under Section 80CCD (1B). At 34, the Shetty Aggressive Lifecycle Fund (LC-75) puts 75% of the corpus in equity funds.
However, except for the emergency situation, and for the purposes mentioned above, the NPS can not withdraw investments before retirement. Also, when the account emerges, at least 40% should be invested annually to earn a corpus pension. If the home loan is taken, the sheet’s tax will be reduced further if the exemption is exempted. Exemption amount If she has 2 lakhs, she will lose Rs 41,200. If liquidity is a problem, she may consider surrendering some of the high-low yield insurance policies in her portfolio. If she does not want to hand over her, she can choose to change them to pay-policies. The cover will continue but the premiums will end.
