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Save more tax via NPS by investing Rs 50,000 additionally

Updated Mar 07, 2021 | 10:01 IST
An additional deduction for investment up to Rs 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs 1.5 lakh
Save more tax via NPS by investing Rs 50,000 additionally
New Delhi: National Pension System (NPS) has become a popular investment option in recent times from a tax-saving perspective for individual taxpayers, considering various changes in the income tax laws introduced in Budget 2021. Tax benefits are available in respect of contributions to NPS made by the employer as well as employee/self-employed person to the NPS Tier 1 account. ....

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NPS returns, maturity amount taxation rules explained

Updated Feb 24, 2021 | 06:11 IST
Amount invested in purchase of Annuity, is fully exempt from tax. However, annuity income that you receive in the subsequent years will be subject to income tax.
NPS returns, maturity amount taxation rules explained
New Delhi: National Pension Scheme is slowly becoming a popular choice for Indians because of its impressive returns in recent years. NPS is a pension cum investment scheme launched by the government to provide old age security to Citizens of India. The Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS. ....

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