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DEDUCTION ON NPS INVESTMENT
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...
NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh inSebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bondsThe PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development B...
NPS tax benefits: How salaried, self-employed can claim tax deductions for NPS under old, new income tax regimeIncome tax benefits for NPS: You can claim tax deductions against NPS under three sections of the Income-tax Act, 1961 in India: Sections 8...
Can NPS Vatsalya help you get Rs 2 lakh tax deduction like NPS? Read the fine print carefully before investingNPS Vatsalya tax benefits: Finance Minister Nirmala Sitharaman has launched NPS Vatsalya, a retirement savings scheme for minors. NPS offer...
How NPS investment of Rs 50,000 can help you save more income taxNPS deduction of Rs 50000: Under the old tax regime, an individual can claim additional deduction of Rs 50,000 for NPS investment made. Thi...
NPS investment can save you tax on income up to Rs 9.5 lakh under old, new tax regime: Here's howTax saving via NPS investment: There are many income tax laws changes that have come into effect from April 1, 2023 for current FY 2023-24....
Allow NPS investment tax break of Rs 50,000 in new tax regime in interim budget 2024: ExpertsAn investment in National Pension System (NPS) allows three separate deductions under the Income-tax Act, 1961. These are under Section 80C...
How to save tax via NPS by investing Rs 50,000 additionallyIf you have exhausted the Rs 1.5 lakh limit under Section 80C, then additional tax can be saved by investing Rs 50,000 in NPS. This deducti...
How to get a tax deduction of up to Rs 9.5 lakh just by investing in NPSUnder the current income tax laws, National Pension System (NPS) allows you to invest more than Rs 2 lakh in a financial year which can hel...
Will Budget 2023 hike NPS deduction to 14% for private sector employees?A private sector employee is eligible for certain income tax deduction for the contributions made to National Pension System (NPS). Individ...
Tax optimiser: Salaried Kapoor can save Rs 19,000 tax via NPS, perksTaxspanner estimates that Kapoor can save almost Rs 19,000 if his salary structure is rejigged and he invests more in NPS on his own. Also,...
How to claim tax benefit for additional Rs 50,000 investment in NPSThe Finance Act 2015 inserted a new sub-section (1B) under Section 80CCD of the Income Tax Act to encourage investment in NPS.
Tax optimiser: IT professional Halder needs to use Sec 80C limit fully, opt for NPSA big tax break will come your way if you opt for the NPS benefit offered by your company. Under Section 80CCD(2), up to 10 % of the basic ...
Experts differ on how to claim additional NPS tax benefit under Sec 80CCD (1b)The new tax return forms still don't provide any clarity on whether or not ‘employee contributions’ can be treated as ‘self contribution’.