1. What are the tax benefits of NPS? Income Tax Act allows benefits under NPS as per the following sections: On Employee’s contribution: Employee’s own contribution is eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of salary (Basic + DA). This is within the overall ceiling of Rs. 1.50 Lacs under Sec. 80 CCE of the Income Tax Act. On … [Read more...] about What are the tax benefits of NPS?
Tax benefit NPS
Tax benefit available under National Pension System (NPS)
Tax benefit available under National Pension System (NPS) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B- 14/A, Chhatrapati shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016 PFRDA/23/CORP/20/5 25th February, 2016 Dear sir, Subject: Tax benefit available under National Pension System (NPS) You would be aware that under the National … [Read more...] about Tax benefit available under National Pension System (NPS)
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