{"id":118954,"date":"2023-10-09T10:02:03","date_gmt":"2023-10-09T04:32:03","guid":{"rendered":"https:\/\/legalwindow.in\/?p=118954"},"modified":"2023-10-18T10:04:24","modified_gmt":"2023-10-18T04:34:24","slug":"tax-benefits-of-nps","status":"publish","type":"post","link":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/","title":{"rendered":"Tax Benefits of NPS"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-118960 size-full\" title=\"Tax Benefits of NPS\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/legal-window-content-image-8-1.png\" alt=\"Tax Benefits of NPS\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1.png 1200w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1-600x315.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1-300x158.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1-1024x538.png 1024w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1-768x403.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">NPS (National Pension Scheme)<\/span><span style=\"font-weight: 400;\"> came into force to provide individuals with a consistent source of income during their retirement years. It is a long-term investment and provides various <\/span><b>tax benefits of NPS<\/b><span style=\"font-weight: 400;\">. Understanding these advantages might assist consumers in making sound decisions about their retirement funds. This article deals with the NPS tier 2 tax benefits, NPS tax saving, exemptions, and <\/span><b>NPS employer contributions.<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Contents<\/b><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td>\n<ul>\n<li><a href=\"#NPS\"><span style=\"font-weight: 400;\">NPS and Tax Benefits\u00a0<\/span><\/a><\/li>\n<li><a href=\"#Tax\"><span style=\"font-weight: 400;\">NPS Tax Benefit under the Income Tax Act (Section 10)<\/span><\/a><\/li>\n<li><a href=\"#Additional\"><span style=\"font-weight: 400;\">Additional <\/span><b>NPS Tax Benefits<\/b><span style=\"font-weight: 400;\"> for Individuals<\/span><\/a><\/li>\n<li><a href=\"#Exemption\"><b>NPS Tax Exemption<\/b><span style=\"font-weight: 400;\"> and Tier 2 Benefits<\/span><\/a><\/li>\n<li><a href=\"#Benefits\"><b>NPS Tax Benefits<\/b><span style=\"font-weight: 400;\"> in Nutshell<\/span><\/a><\/li>\n<li><a href=\"#End Note\"><span style=\"font-weight: 400;\">End Note<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"NPS\" style=\"text-align: justify;\"><b>NPS and Tax Benefits\u00a0<\/b><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-118957 size-full\" title=\"Tax Benefits of NPS\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/legal-9.png\" alt=\"Tax Benefits of NPS\" width=\"761\" height=\"322\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-9.png 761w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-9-600x254.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-9-300x127.png 300w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">NPS is a retirement savings scheme sponsored by the government. It gives substantial tax benefits in India. The <\/span><b>tax benefit of NPS<\/b><span style=\"font-weight: 400;\"> are governed by an authority called PFRDA (Pension Fund Regulatory &amp; Development Authority). The authority was formed under the <\/span><span style=\"font-weight: 400;\">PFRDA Act, 2013<\/span><span style=\"font-weight: 400;\">. Moreover, <\/span><span style=\"font-weight: 400;\">Section 80CCD<\/span><span style=\"font-weight: 400;\">(1) and Section 80CCD(2) of the IT Act, 1961 provide <\/span><b><a href=\"https:\/\/legalwindow.in\/\" target=\"_blank\" rel=\"noopener\">tax benefits<\/a> of NPS<\/b><span style=\"font-weight: 400;\"> to individuals contributing to the NPS.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b>NPS Deduction Under Section 80CCD(1)<\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Section 80CCD(1) allows individual taxpayers, including self-employed individuals, to claim <\/span><b>NPS deductions<\/b><span style=\"font-weight: 400;\"> of up to 10% of their salary (for salaried employees) or their gross income (for self-employed) towards contributions made to the NPS. A maximum of Rs. 1.5 lakh can be claimed by the individual under this section.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b>NPS Deduction Under Section 80CCD(2)<\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In IT Act, 1961 the salary employees can claim deductions under Section 80CCD(2). It permits <\/span><b>employers to contribute<\/b><span style=\"font-weight: 400;\"> up to 10% of an <\/span><b>employee&#8217;s salary to the National Pension Scheme.<\/b><span style=\"font-weight: 400;\"> This deduction is above the limit of Rs. 1.5 lakh available under Section 80CCD(1). This deduction falls under the overall limit of Section 80C, which includes other investments like EPF, PPF, etc.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><b>NPS Deduction Under Section 80CCD(1B)<\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Individuals to claim an additional deduction of up to <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">50,000 on contributions made towards the National Pension System (NPS). It is expressly mentioned in section 80CCD(1B) of the IT Act 1961. This deduction is above the limit of <\/span><span style=\"font-weight: 400;\">\u20b9<\/span><span style=\"font-weight: 400;\">1.5 lakh provided under Section 80C. It encourages taxpayers to invest in <\/span><b>NPS and helps them save on income tax<\/b><span style=\"font-weight: 400;\"> while building a secure retirement fund.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Also, read:<\/b> <a href=\"https:\/\/legalwindow.in\/difference-between-epf-ppf-nps\/\" target=\"_blank\" rel=\"noopener\"><b>Difference between EPF, PPF &amp; NPS, and Tax Benefits<\/b><\/a><\/p>\n<h2 id=\"Tax\" style=\"text-align: justify;\"><b>NPS Tax Benefit under the Income Tax Act (Section 10)<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Apart from the above-mentioned deductions, <\/span><b>NPS tax exemption<\/b><span style=\"font-weight: 400;\"> under Section 10 of the <\/span><span style=\"font-weight: 400;\">Income Tax Act, 1961<\/span><span style=\"font-weight: 400;\">. This exempts any amount received from NPS upon maturity or partial withdrawal from tax, up to 40% of the maturity corpus.<\/span><\/p>\n<h2 id=\"Additional\" style=\"text-align: justify;\"><b>Additional NPS Tax Benefits for Individuals<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Under Section 80CCD(1B), there is an additional <\/span><b>tax benefit of NPS<\/b><span style=\"font-weight: 400;\">. It is a deduction of Rs. 50,000 is available exclusively for <\/span><b>NPS contributions<\/b><span style=\"font-weight: 400;\"> through Section 80CCD(1B). This deduction is over and above the limit of Section 80C, providing individuals with an opportunity to save more on their taxable income.<\/span><\/p>\n<h2 id=\"Exemption\" style=\"text-align: justify;\"><b>NPS Tax Exemption and Tier 2 Benefits<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b>NPS Tax Exemption\u00a0<\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>NPS tax exemption<\/b><span style=\"font-weight: 400;\"> on the maturity amount received by the individual upon retirement, also known as the <\/span><b>National Pension Scheme deduction<\/b><span style=\"font-weight: 400;\">. As per the PFRDA Act, 2013, this maturity amount is exempt from tax up to 60% of the total corpus. The remaining 40% must be utilized to purchase annuities, which are taxable based on the individual&#8217;s earnings under &#8220;Income from Other Sources.&#8221;<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li aria-level=\"1\"><b>NPS Tier 2 Tax Benefit<\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><b>NPS Tier 2<\/b><span style=\"font-weight: 400;\"> is an additional investment option that allows individuals to make voluntary contributions, unlike the <\/span><b>Tier 1 <\/b><span style=\"font-weight: 400;\">account, which is mandatory. While <\/span><b>Tier 2 <\/b><span style=\"font-weight: 400;\">does not offer <\/span><b>tax benefits under Section 80C<\/b><span style=\"font-weight: 400;\">, contributions made to this account for a minimum of three years are eligible for indexation benefits.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Indexation advantages help individuals to adjust their investments against inflation and it reduces their tax liability on the gains that are made from the appropriate investment. Moreover, withdrawals from the <\/span><b>Tier 2<\/b><span style=\"font-weight: 400;\"> account are subject to short-term and long-term capital gains tax, depending on the investment time lapse.<\/span><\/p>\n<h2 id=\"Benefits\" style=\"text-align: justify;\"><b>NPS Tax Benefits in Nutshell<\/b><\/h2>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-118956 size-full\" title=\"Tax Benefits of NPS\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/legal-8.png\" alt=\"Tax Benefits of NPS\" width=\"542\" height=\"627\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-8.png 542w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-8-259x300.png 259w\" sizes=\"auto, (max-width: 542px) 100vw, 542px\" \/><\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-108712 size-full\" title=\"File your Income Tax Return!\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/File-your-Income-Tax-Return.png\" alt=\"File your Income Tax Return!\" width=\"1000\" height=\"200\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return.png 1000w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-600x120.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-300x60.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/File-your-Income-Tax-Return-768x154.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/h2>\n<h2 id=\"End Note\" style=\"text-align: justify;\"><b>End Note<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The <\/span><b>tax benefit of NPS<\/b><span style=\"font-weight: 400;\"> to individuals looking to secure their finances. Individuals can claim deductions on their contributions by utilizing the provisions outlined in the <a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Income-tax_Act,_1961\" target=\"_blank\" rel=\"noopener\">Income Tax Act of 1961<\/a>. The Act specifically included the provisions for salaried employees and employer contributions. Additionally, <\/span><b>the NPS Tier 2 account NPS deduction<\/b><span style=\"font-weight: 400;\"> provides flexibility for investments with separate tax treatment. Being aware of the <\/span><b>tax benefits available under the NPS scheme<\/b><span style=\"font-weight: 400;\"> can help individuals optimize their tax savings while creating a substantial retirement corpus.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In case of any query regarding <\/span><b>Understanding the Tax Benefit of NPS,<\/b><span style=\"font-weight: 400;\"> feel free to connect with our legal experts at\u00a0<\/span><span style=\"font-weight: 400;\">Legal Window<\/span><span style=\"font-weight: 400;\">\u00a0at\u00a0<\/span><b>72407-51000.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NPS (National Pension Scheme) came into force to provide individuals with a consistent source of income during their retirement years. It is a long-term investment and provides&hellip;<\/p>\n","protected":false},"author":4,"featured_media":118959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-118954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Benefits of NPS &#187; Legal Window<\/title>\n<meta name=\"description\" content=\"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Benefits of NPS\" \/>\n<meta property=\"og:description\" content=\"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/\" \/>\n<meta property=\"og:site_name\" content=\"Legal Window\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/legalwindow.in\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T04:32:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T04:34:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CS Garima Kothari (B.COM, MBA)\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CS Garima Kothari (B.COM, MBA)\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/\"},\"author\":{\"name\":\"CS Garima Kothari (B.COM, MBA)\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/a7d792fb3d624b37c80fc19d03e265e4\"},\"headline\":\"Tax Benefits of NPS\",\"datePublished\":\"2023-10-09T04:32:03+00:00\",\"dateModified\":\"2023-10-18T04:34:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/\"},\"wordCount\":748,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Copy-of-LW-FIMG-2-2.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/\",\"name\":\"Tax Benefits of NPS &#187; Legal Window\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Copy-of-LW-FIMG-2-2.png\",\"datePublished\":\"2023-10-09T04:32:03+00:00\",\"dateModified\":\"2023-10-18T04:34:24+00:00\",\"description\":\"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Copy-of-LW-FIMG-2-2.png\",\"contentUrl\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/Copy-of-LW-FIMG-2-2.png\",\"width\":800,\"height\":800,\"caption\":\"Tax Benefits of NPS\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/tax-benefits-of-nps\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tax Benefits of NPS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"name\":\"Legal Window\",\"description\":\"Legal Solution Provider\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#organization\",\"name\":\"LegalWindow\",\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"contentUrl\":\"https:\\\/\\\/legalwindow.in\\\/blog\\\/wp-content\\\/uploads\\\/LW-Logo-2.png\",\"width\":1245,\"height\":357,\"caption\":\"LegalWindow\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.instagram.com\\\/legalwindow.in\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/legal-window\\\/\",\"https:\\\/\\\/in.pinterest.com\\\/legalwindow\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCFtHKxaXtK4WjOe9UytbX9A\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/#\\\/schema\\\/person\\\/a7d792fb3d624b37c80fc19d03e265e4\",\"name\":\"CS Garima Kothari (B.COM, MBA)\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g\",\"caption\":\"CS Garima Kothari (B.COM, MBA)\"},\"description\":\"Company Secretary and diligent learner deeply immersed in the world of corporate law, compliance, and governance with a focus on developing a robust foundation in legal principles and corporate practices. Passionate about exploring the intricacies of company law, regulatory compliance, and corporate governance.\",\"sameAs\":[\"https:\\\/\\\/legalwindow.in\"],\"url\":\"https:\\\/\\\/www.legalwindow.in\\\/blog\\\/author\\\/capulkitgoyal\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Benefits of NPS &#187; Legal Window","description":"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/","og_locale":"en_US","og_type":"article","og_title":"Tax Benefits of NPS","og_description":"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.","og_url":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/","og_site_name":"Legal Window","article_publisher":"https:\/\/www.facebook.com\/legalwindow.in\/","article_published_time":"2023-10-09T04:32:03+00:00","article_modified_time":"2023-10-18T04:34:24+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/legal-window-content-image-8-1.png","type":"image\/png"}],"author":"CS Garima Kothari (B.COM, MBA)","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CS Garima Kothari (B.COM, MBA)","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#article","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/"},"author":{"name":"CS Garima Kothari (B.COM, MBA)","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/a7d792fb3d624b37c80fc19d03e265e4"},"headline":"Tax Benefits of NPS","datePublished":"2023-10-09T04:32:03+00:00","dateModified":"2023-10-18T04:34:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/"},"wordCount":748,"publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Copy-of-LW-FIMG-2-2.png","articleSection":["Income Tax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/","url":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/","name":"Tax Benefits of NPS &#187; Legal Window","isPartOf":{"@id":"https:\/\/www.legalwindow.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#primaryimage"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#primaryimage"},"thumbnailUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Copy-of-LW-FIMG-2-2.png","datePublished":"2023-10-09T04:32:03+00:00","dateModified":"2023-10-18T04:34:24+00:00","description":"Tax Benefits of NPS : The NPS came into force to provide individuals with a consistent source of income during their retirement years.","breadcrumb":{"@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#primaryimage","url":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Copy-of-LW-FIMG-2-2.png","contentUrl":"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Copy-of-LW-FIMG-2-2.png","width":800,"height":800,"caption":"Tax Benefits of NPS"},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalwindow.in\/blog\/tax-benefits-of-nps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalwindow.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Tax Benefits of NPS"}]},{"@type":"WebSite","@id":"https:\/\/www.legalwindow.in\/blog\/#website","url":"https:\/\/www.legalwindow.in\/blog\/","name":"Legal Window","description":"Legal Solution Provider","publisher":{"@id":"https:\/\/www.legalwindow.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalwindow.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalwindow.in\/blog\/#organization","name":"LegalWindow","url":"https:\/\/www.legalwindow.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","contentUrl":"https:\/\/legalwindow.in\/blog\/wp-content\/uploads\/LW-Logo-2.png","width":1245,"height":357,"caption":"LegalWindow"},"image":{"@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/legalwindow.in\/","https:\/\/www.instagram.com\/legalwindow.in\/","https:\/\/www.linkedin.com\/company\/legal-window\/","https:\/\/in.pinterest.com\/legalwindow\/","https:\/\/www.youtube.com\/channel\/UCFtHKxaXtK4WjOe9UytbX9A"]},{"@type":"Person","@id":"https:\/\/www.legalwindow.in\/blog\/#\/schema\/person\/a7d792fb3d624b37c80fc19d03e265e4","name":"CS Garima Kothari (B.COM, MBA)","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8ccdb3bf3b37225ebe071d711de1b7d46784a1394377d0eee0b130d81bd2d180?s=96&d=mm&r=g","caption":"CS Garima Kothari (B.COM, MBA)"},"description":"Company Secretary and diligent learner deeply immersed in the world of corporate law, compliance, and governance with a focus on developing a robust foundation in legal principles and corporate practices. Passionate about exploring the intricacies of company law, regulatory compliance, and corporate governance.","sameAs":["https:\/\/legalwindow.in"],"url":"https:\/\/www.legalwindow.in\/blog\/author\/capulkitgoyal\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/118954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/comments?post=118954"}],"version-history":[{"count":9,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/118954\/revisions"}],"predecessor-version":[{"id":119016,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/posts\/118954\/revisions\/119016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media\/118959"}],"wp:attachment":[{"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/media?parent=118954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/categories?post=118954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalwindow.in\/blog\/wp-json\/wp\/v2\/tags?post=118954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}