Indranil Halder wants to reduce his tax but won’t invest in an option that can shave off more than 20% from his tax liability. “I’m not interested in the NPS because it has a long lock-in and other complications,” the Pune-based IT professional wrote to ET Wealth last year. Indeed, the 25 year old will have to wait till 2055 before he can access the money poured into the pension scheme. Very few millennials like to think in such long terms.
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