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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 tax benefits: How salaried, self-employed can claim tax deductions for NPS under old, new income tax regime

Income tax benefits for NPS: You can claim tax deductions against NPS under three sections of the Income-tax Act, 1961 in India: Sections 80CCD (1), 80CCD (1B), and 80CCD (2) under the old income tax regime. Tax deductions for investments in NPS are available under the new income tax regime as well. If you are wondering how to avail of tax deductions for your NPS investment, read here. ....

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Confused about which income tax regime to choose? Here are key things to look at

Confused over new income tax regime vs old income tax regime. Decide with utmost care to avoid excessive deductions ....

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