NPS Tax Benefits: Save Extra ₹50,000 Beyond 80C Limit
National Pension System (NPS) offers an additional ₹50,000 deduction under 80CCD(1B) over and above the 80C limit.
Advertisement
NPS contributions qualify for deduction under 80CCD(1), within the 80C limit of ₹1.5 lakh. Additionally, Section 80CCD(1B) provides an extra ₹50,000 deduction, making total potential tax-saving deductions ₹2 lakh. Employer contributions up to 10% of salary are fully deductible under 80CCD(2).
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Tax laws change frequently — consult a qualified tax professional or official government resources for advice specific to your situation.
Advertisement
Related Articles
Try the India Tax Calculator
Calculate your exact India income tax for FY 2025-26 (AY 2026-27) in seconds — free & accurate.
Open Calculator