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 ...

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 ...

Manju Dhake, Head – Insurance Advisory Practice at 1 Finance, says term insurance remains essential for dual-income couples ...

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 ...

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 New Tax Regime was introduced with the altered tax slabs and concessional tax rates. It is applicable to all taxpayers, including individuals, Hindu Undivided Families (HUFs), and Association of ...

NPS contribution limit for employer in private sector raised from 10% to 14% of the employee’s basic salary. For both private and public sector bank employees the deduction limit has been raised from ...

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 ...

NPS investments are eligible for tax benefits under Sections 80CCD (1), 80CCD (1B) and 80 CCD (2) of Income Tax Act, 1961. National Pension System is a government backed retirement benefit scheme. A ...

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