The National Pension System (NPS) is a popular retirement savings scheme in India, which has two tiers: Tier 1 and Tier 2 ...
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An increased NPS tax deduction can support salaried and self-employed individuals in building tax-efficient retirement ...
Salaried individuals can now make their income tax-free in the new tax regime. This is possible by utilising employer ...
By Sriram IyerAs India aspires to become a developed economy by 2047, one of the most critical yet under-discussed pillars is ...
Contributions to the government-approved pension schemes such as the National Pension System (NPS), the Unified Pension ...
Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...
NPS subscribers can now withdraw up to 80% of their retirement corpus as a lump sum, but the income tax law still exempts ...
Taxpayers are facing higher tax outgo due to incorrect regime choices, often stemming from misunderstandings of exemptions and documentation. Experts advise projecting liabilities under both regimes, ...
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