NPS Tax Benefit Calculator
Calculate the total tax you save by investing in the National Pension Scheme (NPS) through employee and employer contributions under various tax sections.
Parameters
Results Summary
This calculator determines the results based on the following standard financial formula for NPS Tax Benefits:
Variables Glossary
- 80C Deduction
- Employee contribution up to 10% of basic+DA (max ₹1.5L)
- 80CCD(1B)
- Additional employee contribution up to ₹50,000
- 80CCD(2)
- Employer contribution up to 14% of basic+DA
- Total Tax Saved
- Total tax saved on all contributions
NPS offers triple tax benefits: employee contribution under 80C (up to ₹1.5L), additional employee contribution under 80CCD(1B) (up to ₹50,000), and employer contribution under 80CCD(2) (up to 14% of basic+DA).
What is the total tax benefit of NPS?
Under the old tax regime, you can save tax on up to ₹1.5L under 80C, an additional ₹50,000 under 80CCD(1B), and employer contributions up to 14% of basic salary under 80CCD(2).
Can I claim NPS benefit in new tax regime?
Under the new tax regime, only the employer's NPS contribution (Section 80CCD(2)) is deductible. Employee contributions under 80C and 80CCD(1B) are not available.