National Pension System: Under NPS, you get tax exemption on investment up to Rs 50000. Apart from this, under the new tax regime, income up to Rs 12 lakh has been made tax free from April 1, 2025.
Income Tax: People with salaried and non-business income are allowed to switch between the new and old tax regimes every year. You can claim many deductions under the old tax regime. Income Tax: ...
An increased NPS tax deduction can support salaried and self-employed individuals in building tax-efficient retirement ...
The National pension system (NPS) is a contributed retirement planning scheme, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and the Union Government of India.
While there have been multiple changes in the NPS over the years, one of the recent changes made in the NPS, which allows higher equity exposure, has a very significant impact on retirement planning ...