What is the NPS Tier 2 Tax Benefits 2023 – Under New TAx and Old Tax Regimes? Whether one will get the tax benefits like Mutual Funds while withdrawing?
Earlier, I wrote about NPS Tax Benefits 2023 – Under New Tax and Old Tax Regimes, during that time I was unable to get the written information about the NPS Tier 2 Tax Benefits 2023 rules. However, luckily I can find it. Hence, thought to write a separate post on this aspect.
NPS Tier 2 Tax Benefits 2023 – Under New Tax and Old Tax Regimes
Let us first understand the taxation rules at the time of investment.
NPS Tier 2 Tax Benefits 2023 while investing
# NPS Tier 2 Tax Benefits 2023 under the old tax regime
Earlier there was no income tax benefit if you invest in a Tier 2 Account. However, the Government of India changed the rules recently. According to this, if Central Government Employee contributes towards a Tier 2 Account, then he can claim the tax benefits under Sec.80C (The combined maximum…