Tax Benefit under Section 80CCD(1B):As announced by Govt of India in Budget 2015-16, a subscriber will be allowed tax deduction in addition to the deduction allowed under Sec. 80CCD(1) for additional contribution in his NPS account subject to a maximum of Rs. 50,000 under sec. 80CCD ...
The EPF is completely a tax-exempt scheme. It offers provident fund, pension, insurance, and disability benefits, among other things, but NPS does not have such mass benefit. EPF with more than 8.6% almost assured return from its own investments without any government contribution makes it a ...