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 ...
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NPS gets more attractive for salaried under new tax regime; deduction under Section 80CCD(2) increased
The budget has encouraged retirement planning by increasing the tax benefit on NPS payments and adding a new option to the pension system for minor children. The deduction under Section 80CCD(2) is ...
The National pension system (NPS) is a contributed retirement planning scheme, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and the Union Government of India.
New Delhi [India], August 27: The National Pension System (NPS) has become one of the key options for individuals in India to plan for retirement. While the framework remains the same, the tax ...
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