Mar 15, 2023
How to get a tax deduction of up to Rs 9.5 lakh just by investing in NPS
Have you used up tax-saving deductions like sections 80C, 80D and 80TTA of the Income-tax Act, 1961? Are you looking for more options to bring down your tax liability further? If you answered yes to both these questions, then investing in the National Pension System (NPS) can help you save tax (subject to certain conditions).
The NPS allows you to invest more than Rs 2 lakh in a financial year which can help you bring down your tax liability.
Here is a look at how you can invest more than Rs 2 lakh in NPS to save tax.