Confused about the tax treatment of your employer's NPS contribution? Before filing your ITR for AY 2026-27, understand how ...

As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not ...

Taxpayers governed by the provisions of the Indian Income Tax 1961 have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides taxpayer deductions against ...

As an NPS Subscriber, you may submit the transaction statement as an investment proof to your employer. The National Pension System (NPS) is a market-linked deferred pension scheme that comes with ...

The new financial year will start tomorrow and the investors will get another chance to review their investments and opt a suitable tax regime. There are various investment tools that are accepted ...

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as the NPS, UPS and the Atal Pension Scheme. Paying taxes is an unavoidable part ...

The Finance Ministry introduced additional tax advantages under the New tax regime to attract more taxpayers. Under the Old Tax Regime, there were numerous tax deductions and exemptions offered under ...

The key tax provisions around claiming deduction under Sections 80C, 80CCC, 80CCD, 80CCF and 80CCG are discussed below, for taxpayer’s ready reference: The maximum tax deduction u/s 80C is capped at ...

Investing in NPS offers tax benefits under the old and new tax systems. In the new tax system, employees can claim deductions under Section 80CCD (2) for employer contributions. Under the old tax ...

For taxpayers opting for the old tax regime, NPS remains one of the instruments that allows deductions beyond the standard Rs 1.5 lakh limit available under Section 123 (erstwhile Section 80C).

Section 80CCD provides tax benefits to individuals contributing towards the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). Representative image. Source: Pixabay Saving money while ...