The Union Budget 2020 introduced a new tax regime that altered the tax slabs and offered concessional tax rates to taxpayers. Under the new regime, the tax slabs became more streamlined, and the tax rebate limit was increased. However, it also eliminated several tax exemptions, including some of the deductions available under the National Pension Scheme. <\/p>\n\n\n\n
Under the new tax regime, two of the tax benefits available on the National Pension Scheme under section 80CCD are no longer available and only one is available. Nonetheless, NPS remains an attractive investment option for those seeking to save for retirement while saving on tax. How? Let\u2019s find out.<\/p>\n\n\n\n