*Tax deduction up to 10% of Salary (Basic + DA) under Section 80 CCD(1) within the overall ceiling of 1.5 Lakh under Sec 80 CCE and an additional deduction of 50,000/- under section 80CCD (1B) p.a. (applicable from FY 2015-16 and onwards)
#Plus contribution processing charges (0.25% of contribution amount subject to minimum of Rs. 20) and taxes as applicable.
ˆ Tax benefit is for indicative purpose only and it is based on the input provided by the user and may vary based on the inputs provided by the user. Tax slabs are assumed to remain same. Tax benefit is calculated considering that the income is chargeable to tax at the highest slab at 30.9% and the minimum investment in NPS of 50,000 per year. The calculations are made on the assumption that the conditions mentioned in the relevant sections of the Income Tax Act, 1961 are fulfilled. Tax laws are subject to amendments from time to time. The information contained in this calculator does not constitute legal advice or tax advice and users are further advised to consult their tax advisors before making any decision or taking any action. It is clarified that the company will not be responsible for any loss or damage to any one, of any kind, in any manner arising from the action taken based on this calculator.