NPS can become your tax saving weapon, this way you can save 1 lakh rupees
If you are also a working person and are looking for an option for tax saving, then this news can be of use to you. If you have not filed income tax till now, then you should do this work in time, for this, today we are going to tell you such an investment option by which you can save not only 25 thousand or 50 thousand but full 1 lakh rupees.
Government’s NPS can be of great use to you for tax saving. In this, you can save a lot of your tax in many ways. Tell me, in a financial you can save 1 lakh rupees through this.
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This is how you can save tax
Through NPS, you can save a lot of tax through section 80CCD (2). In NPS, your company contributes anyway, on which you get tax. But after this you can claim extra tax deduction by investing in it yourself. Your company contributes up to 10% in this. At the same time, 14% contribution of government employees goes into it.
You can also understand it in such a way that your annual basic salary is Rs 9 lakh. Now your company contributes Rs 80,000 in this. In this case, you can claim tax deduction of Rs 80,000.
Understand calculation like this
You can understand this whole calculation in such a way that if your company contributes 10% in it, after that you can invest section 80 CCD (1b) on your own. If you invest 50 thousand more in this, then you will save your tax up to 1 lakh.
Apart from this, many companies give you other benefits. In this, LTA i.e. leave travel allowance of 1 lakh, newspaper allowance of 2 thousand, meal coupon of 26 thousand and many allowances are given by the company to its employees, due to which they save a lot of tax.
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