Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...

Contributions to the government-approved pension schemes such as the National Pension System (NPS), the Unified Pension ...

As an NPS Subscriber, you may submit the transaction statement as an investment proof to your employer. The National Pension System (NPS) is a market-linked deferred pension scheme that comes with ...

Whether you opt for the old tax regime with deductions or the new simplified regime, NPS contributions can help you reduce ...

How to claim deductions of more than Rs. 2 lakhs on NPS contributions? Under Section 80CCD of the Income Tax Act, an individual can claim deductions from taxable income for contributions made to the ...

Investing in NPS offers tax benefits under the old and new tax systems. In the new tax system, employees can claim deductions under Section 80CCD (2) for employer contributions. Under the old tax ...

Taxpayers governed by the provisions of the Indian Income Tax 1961 have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides taxpayer deductions against ...

The little known Section 80CCD(2) provides tax benefits over and above those offered by Sections 80C and 80CCF This means a person with an annual basic salary of 5 lakh (nearly 40,000 a month) can get ...

The provision of employers' contribution to NPS u/s 80CCD(2) has been increased to 14 per cent for Central Government employees only. Hemendra (name changed), a teacher of a government school in ...

National Pension System or NPS is designed to save towards post retirement years by making contribution during the work life. Income tax benefits are one of the key advantages of investing in NPS, ...

Union Budget impact: The Union Budget 2024-25 proposed several changes in terms of personal finance and income tax. Like National Pension System (NPS) contribution limits for private sector employers ...