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Monday, February 29, 2016

Voluntary contributions in NPS

 

Invest in NPS Online

 

You can make a voluntary contribution to National Pension Scheme (NPS) and claim an extra tax deduction of up to Rs 50,000 under Section 80CCD(1B)

 

You can claim a deduction on your voluntary contribution. A taxpayer can make a voluntary contribution to National Pension Scheme (NPS) and claim an extra tax deduction of up toR50,000 under Section 80CCD(1B) of the Income Tax Act. Please remember that you can claim a total deduction of only R2 lakh under both Section 80C and 80CCD. However, the employer's contribution is not part of it and it is an extra deduction over and above this limit.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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