NPS 80CCD(1B) Strategy: Max Tax Benefit Without Choosing the Wrong Allocation
Section 80CCD(1B) allows an additional ₹50,000 tax deduction over and above the ₹1.5 lakh limit under Section 80C. For individuals in the 30% tax slab, this translates into potential tax savings of up to ₹15,600 (₹50,000 × 31.2% including cess). Despite this clear benefit, many investors either ignore NPS completely or choose incorrect asset allocation … Read more