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NPS tax benefits: How you can claim tax deductions for NPS under old, new income tax regimes

Taxpayers should note that the NPS-related deduction under Section 80CCD (2) of the Income-tax Act, 1961, is the only exemption allowed under both tax regimes.

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NPS partial withdrawal new rules: All you need to know

NPS withdrawal rules: PFRDA has issued a master circular dated January 12, 2024 to facilitate partial withdrawals and guarantee compliance with legislation.

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BM Finance Fundas: NPS tax benefits: How you can claim deductions under old, new IT regime

Further, tax deductions for investments in NPS are available under both new and old income tax regimes. If you are wondering how to avail of tax deductions for your NPS investment, read here.

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Budget 2024: NPS employers contribution limit should be hiked from 10% to 12%, says PFRDA chief

Ideally, employer’s contribution of up to 14 percent should be eligible for tax breaks, in line with the rules for government employee. However, to start with, it needs to be brought on par with the employees’ provident fund (EPF) contribution limit of 12 percent, feels the pension regulator.

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NPS: National Pension System | NPS Tax Benefits | Top National Pension Scheme

National Pension Scheme (NPS) is a government sponsored pension scheme. Know the detail information about its Benefits, features, How it works, what is NPS (National Pension Scheme) and may more only at Moneycontrol.com.

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