Friday, January 12, 2024

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.

from Tax-Wealth-Economic Times https://ift.tt/TF91n7q

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