What are the tax benefits of investing in NPS?
Individual subscribers can claim a deduction of up to Rs. 1.5 lakh under Section 80C. Additionally, an exclusive deduction of up to Rs. 50,000 is available under Section 80CCD(1B).
Corporate subscribers can also avail of tax benefits for employer contributions up to 10% of the salary (Basic + DA) under Section 80CCD(2) without any monetary ceiling.