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Leveraging NPS (National Pension System) Deductions

  • Additional ₹50,000 deduction: Under Section 80CCD(1B), you can claim an extra ₹50,000 for NPS contributions, over and above the ₹1.5 lakh limit of 80C.
  • Employer contribution: If your employer contributes to NPS, up to 10% of your salary (14% for central govt employees) is exempt from tax under Section 80CCD(2).
⚠️ Disclaimer: This article is for educational purposes only and does not constitute professional tax advice. Tax laws change frequently, and your personal circumstances may vary. Please consult a qualified tax advisor.