HomeNewsBusinessPersonal FinanceLast-minute tax saving: How to open an NPS account online, claim deductions of up to Rs 50,000

Last-minute tax saving: How to open an NPS account online, claim deductions of up to Rs 50,000

Preeti Kulkarni • March 19, 2024 / 15:59 IST

Section 80 CCD(1B) offers an additional deduction of Rs 50,000 – over and above the Rs 1.5-lakh section 80C limit – for investing in NPS. You can open an account online and invest before March 31 to claim these deductions.

How NPS can help you avail of additional deductions of up to Rs 50,000 under section 80CCD(1B)

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