Finally, you may use the calculator to estimate the tax regime that applies to pension funds, the total amount you will get at the end of each month, and additional data. How to Use the NPS Calculator? First and foremost, give the info which must be provided in the order shown below:...
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...