To summarize the tax angle of NPS,investments of up to Rs 50,000 in NPS Tier I account in a financial year qualify for additional tax deduction under Section 80CCD (1B) of the Income Tax Act.This is in addition to the Rs1.5 lac deduction available via Section 80C. Now as mentioned e...
Income Tax Fillable / Editable forms Download : Investment Declaration Form For FY 2020-21 (To submit employer / pension paying Branch) for Tax Deduction Road Transport Authority (RTO) PAN - TAN in Fillable / EditableForms Aaddhar Card Application Rent Agreement etc. in Fillable / Editable ...
How does the NPS tax benefit work? Up to 10% of primary and discretionary salaries (Basic DA) may be deducted from taxable income as NPS contributions from the employer. Use the NPS tax benefit calculator for perfect results. There is no monetary limit on this deduction How much is the NP...