Ashish Agarwal, Director at Acube Ventures, shed light on the National Pension System (NPS). NPS is a voluntary long-term savings scheme governed under Section 80CCD(1 of the Income Tax Act. Contributions to NPS offer an additional tax benefit of up to Rs 50,000 over the current tax-free limit under Section 80C. Furthermore, upon maturity, 60 per cent of the corpus from NPS is tax-free.
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