NPS not only helps you plan for your retirement, it allows you to save tax at the same time. Whether you are looking for tax saving opportunities within 80C or beyond, NPS offers you both, if you are filing your Income Tax Returns in India.

Yes, that is correct!

NPS offers exclusive tax benefits over and above 80C limit for both self employed and salaried individuals. At the same time, if your 80C limit is not exhausted, you can invest in NPS and save tax within 80C limit as well.

 

Tax Benefit for Self Employed Individuals

Tax Benefit for Self Employed Individuals

Exhausted your 80C limit?
You can invest up to Rs.50,000 and avail tax deductions u/s 80CCD (1B) of Income Tax Act, 1961.

This tax benefit is over & above tax benefits claimed by you for your investments of up to Rs.1.5 lakh under 80C.

You have not exhausted your 80C limit yet?
You can invest up to 20% of your Gross Annual Income. This amount to the extent of 1.5 lakh is eligible for tax deduction u/s 80CCD (1) of Income Tax Act, 1961.

Additionally, you can invest up to Rs.50,000 and avail tax deduction u/s 80CCD (1B).

 

Tax Benefit for Salaried Individuals

Exhausted your 80C limit?
You can invest up to Rs.50,000 and avail tax deductions u/s 80CCD (1B) of Income Tax Act, 1961.

This tax benefit is over & above tax benefits claimed by you for your investments of up to Rs.1.5 lakh under 80C.

You have not exhausted your 80C limit yet?
You can invest up to 10% of your Salary (Basic + DA). This amount to the extent of 1.5 lakh is eligible for tax deduction u/s 80CCD (1) of Income Tax Act, 1961.

Additionally, you can invest up to Rs.50,000 and avail tax deduction u/s 80CCD (1B)

NPS Registration

Tax Benefit for Self Employed Individuals

Exhausted your 80C limit?
You can invest up to Rs.50,000 and avail tax deductions u/s 80CCD (1B) of Income Tax Act, 1961.

This tax benefit is over & above tax benefits claimed by you for your investments of up to Rs.1.5 lakh under 80C.

You have not exhausted your 80C limit yet?
You can invest up to 20% of your Gross Annual Income. This amount to the extent of 1.5 lakh is eligible for tax deduction u/s 80CCD (1) of Income Tax Act, 1961.

Additionally, you can invest up to Rs.50,000 and avail tax deduction u/s 80CCD (1B)

 

Tax Benefit for Salaried Individuals

Exhausted your 80C limit?
You can invest up to Rs.50,000 and avail tax deductions u/s 80CCD (1B) of Income Tax Act, 1961.

This tax benefit is over & above tax benefits claimed by you for your investments of up to Rs.1.5 lakh under 80C.

You have not exhausted your 80C limit yet?
You can invest up to 10% of your Salary (Basic + DA). This amount to the extent of 1.5 lakh is eligible for tax deduction u/s 80CCD (1) of Income Tax Act, 1961.

Additionally, you can invest up to Rs.50,000 and avail tax deduction u/s 80CCD (1B).

 

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NPS for NRI & OCI

Why join NPS?

Open NRI/OCI NPS account