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NPS TAX BENEFITS
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
'No proposal to change or replace Unified Pension Scheme,' says Finance Minister Sitharaman in Lok SabhaFinance Minister Nirmala Sitharaman confirmed no changes are planned for the Unified Pension Scheme. This scheme offers assured monthly pay...
New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim itSection 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for sa...
Higher take-home salary or bigger retirement corpus? How the proposed EPF change could affect your futureA government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home sal...
Techie, who once paid Rs 1 crore tax, breaks down on X after lay off: ‘Thank you…’A tech professional recently took to X to lament the country’s pitiable social security system. He said that even though, once he paid Rs 1...
ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deductio...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
Old Pension Scheme option extended to these government employees: Will others also get it?The Council of Scientific & Industrial Research endorsed the Centre's decision on pension options. This move allows compassionate appointee...
ITR filing 2026: Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh salary; how much tax you could pay under new vs old tax regime?Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various in...
Rs 15,000 monthly investment for 20 years: NPS or mutual funds? Know which may leave you with a bigger retirement corpusRetirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentia...
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
Annuity flexibility, tax tweaks can accelerate NPS growth: Axis Pension Fund CEO Sumit ShuklaA senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Nationa...
Will Rs 32 lakh EPF corpus withdrawal be tax-free? Are there better options than withdrawing?ET Wealth Reader's Query: I contributed to EPF until 2021 while working at an MNC. Since moving to a startup in 2022 that doesn’t offer PF,...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
Has government provided NPS tax benefit on self-contribution in new tax regime?NPS subscribers hoping for more tax benefits from Budget 2026 were disappointed. Finance Minister Nirmala Sitharaman's speech on February 1...
NPS tax benefits will be available under UPS: Central govt employees under UPS will get these income tax benefitsUPS tax benefits: The Finance Ministry has also extended the NPS tax benefits to UPS. Many central government employees were hesitant to sw...
Tax optimiser: NPS, perks can reduce Jaiswal's tax outgo by Rs 47,000Sudhir Jaiswal should start by opting for the National Pension System or NPS benefit offered by his company. Under Section 80CCD(2), up to ...
How investing in NPS can help you save taxAlthough the National Pension System (NPS) comes with exempt-exempt-exempt (EEE) tax status, there is a catch.