NPS Tax Benefit Calculator
Calculate the extra ₹50,000 tax deduction available under Section 80CCD(1B) for NPS investments.
NPS Additional Contribution
Tax Saved
Tax Saved u/s 80CCD(1B)
₹15,600
This is over and above the ₹1.5 Lakhs 80C limit.
Extra Tax Savings
Most people exhaust their ₹1.5L 80C limit with PF and Life Insurance. NPS gives you a unique opportunity to save tax on an additional ₹50,000 investment.
Frequently Asked Questions
Is this deduction separate from 80C?
Yes, Section 80CCD(1B) provides an additional deduction of ₹50,000 over and above the ₹1.5 Lakh limit of 80C.