Section 80CCD(1)

NPS Tax Benefit u/s 80CCD(1), 80CCD(2) and 80CCD(1B)

Investment Plan, Retirement planning, Tax Saving, Taxes

In last few weeks I have got several mails and comments asking about the tax benefit on NPS. This post explains the tax deduction availa/ble for NPS under 3 sections: 80CCD(1), 80CCD(2) and 80CCD(1B). Tax Benefit on NPS Tier 1 and/or 2? NPS has two Tiers – 1 and 2. NPS Tier 1 is the […]

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How to Open NPS Account?

Investment Plan, Retirement planning

Budget 2015 provided for additional exemption of Rs 50,000 for investing in NPS (National Pension Scheme) Tier 1 account u/s 80CCD(1B). This was to encourage NPS as popular retirement planning option. And we all know anything related to tax saving automatically becomes a popular investment avenue. In an earlier post we had highlighted why you

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