Salaried individuals can achieve zero tax on annual income up to ₹13.7 lakh through standard deductions and investments in NPS. Contributions to NPS provide significant tax savings, but uptake is low due to lock-in restrictions. Despite limited liquidity and mandatory annuitization at retirement, NPS offers long-term benefits and low fund management charges.
from Tax-Wealth-Economic Times https://ift.tt/AY0vuDj
No comments:
Post a Comment