An additional deduction for investment up to Rs. 50,000 in NPS is available to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act.Read more
Tag Archives: National Pension Scheme
Is the National Pension System (NPS) the right instrument for tax saving and building a retirement corpus?
NPS allows subscribers to claim additional exemptions of Rs. 50,000, u/s 80CCD (1B) over and above the limit of Rs. 1,50,000, u/s 80C. Further, the lumpsum amount is completely tax free when withdrawn.Read more
NRI’s today are spoiled for choice with a host of interesting investment options within the country.Read more