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 ...

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 ...

The scheme is considered one of the best investment options to generate a decent retirement corpus and have a monthly pension post retirement. It can give one the financial freedom to live a ...

Finance Minister Nirmala Sitharaman launched NPS Vatsalya last week. It is an investment scheme to secure retirement savings for your minor children. Parents or guardians of the child can invest in ...

Many investors opt for National Pension Scheme, or National Pension System (NPS) to create retirement corpus. The government scheme that help you create huge funds in the long run can also help you ...

Section 80C deduction allows for the reduction of taxable income for individuals and Hindu Undivided Families (HUFs). In total, the maximum deduction that can be claimed under Section 80C, 80CCC, and ...

ITR filing 2024: Employers' contribution to your NPS can reduce your tax outgo significantly The National Pension System (NPS) has become a highly preferred retirement avenue over the years due to the ...

A beginner-friendly guide to understanding the two National Pension System accounts so you can use NPS more effectively for long-term retirement planning.

NEW DELHI: There is a need for increase in the income tax benefit for corporate sector employers contributing to the national pension system (NPS) to 12% and extend systematic lump sum withdrawal (SLW ...