The National Pension System (NPS) provides numerous tax benefits to its subscribers. Apart from providing tax benefits of up to Rs 1.5 lakh along with under instruments under Section 80C, NPS has an exclusive window of Rs 50,000 under Section 80CCD (1).
Employers can also contribute upto 10% of the salary (basic + dearness allowance) to your NPS account.Under Section 80CCD (2), this will not be treated as taxable income in your hand, so this is an additional tax-saving window. It has a few other advantages such as low-cost fund management and ability to change asset allocations in the middle without tax incidents.
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