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Wednesday, March 11, 2015

NPS to Give Extra Tax Deduction of Rs. 50,000: 10 Things to Know

Finance Minister Arun Jaitley in Budget 2015-16 introduced an additional income tax deduction of Rs. 50,000 for contribution to the New Pension Scheme (NPS) under Section 80CCD. NPS is a voluntary pension scheme, which is regulated by the Pension Fund Regulatory and Development Authority. ........

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