Under the new tax regime, salaried individuals can opt for both NPS and EPF to boost their retirement corpus. But which is ...

National Pension System tax benefits; Employer contributions under Section 80 CCD (2) are eligible for tax deductions up to ...

The new tax regime has changed how we think about saving for retirement. NPS and EPF both play a crucial role, but are they ...

Union Budget 2025: In her budget speech for 2025, Finance Minister Nirmala Sitharaman announced that NPS Vatsalya subscribers will now receive the same tax benefits as regular NPS subscribers for ...

By investing in NPS, individuals can claim tax benefits of up to Rs 1.5 lakh under Section 80C and an additional Rs 50,000 ...

In the case of EPF, employee contributions generally qualify for a deduction under Section 80C of the Income Tax Act, capped ...

The NPS Vatsalya scheme was launched in September 2024 ... “It is proposed to extend the tax benefits available to the NPS under sub-section (1B) of section 80CCD of the Income-tax Act, 1961 ...

With an improved contribution framework and tax benefits, the new NPS rules mark a pivotal shift in how government employees ...

NPS benefits under New Tax Regime However ... (Old Tax Regime), up to 10% of the employee’s basic salary put in the pension scheme is tax-free. This limit is higher at 14% for taxpayers who ...

The National Pension System is a government-run investment scheme designed to provide retirement income to its subscribers.

Section 80CCD(1B) of the Income-tax Act allows ... option to exit the scheme instead of converting it into a regular NPS account. Here are the exit rules, according to the Protean website: Annuity ...