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Multiply your wealth now with multibaggers from poweryourtrade. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol. We all want to save taxes. We all invest to save taxes. Some invest in PPF, some in ELSS, some in NSC, some invest in 5-year bank fixed deposits.
But, we all know the maximum investment limit for saving tax under section 80C is Rs. So, we all want to save more tax, over and above 80C. But, there are only a limited number of investment options which provide tax exemption other than 80C. Introduced in Budget 2015, your contribution in NPS can save you tax of up to Rs. NPS provides an additional deduction of Rs. So, let’s start our journey to know more about this tax saving investment avenue and see whether it truly makes sense to invest in it or it is better to pay tax and invest in mutual funds to earn higher tax-free returns. How to open an NPS account?