Budget 2020: Will Modi government hike income tax benefit under NPS from Rs 50,000 to Rs 1 lakh?
Budget 2020: While most taxpayers are hoping that Modi government announces an increase in income tax benefits under Section 80C on Budget 2020 day, they might get some other good news in the form of deduction on contribution to National Pension Scheme.
The government might also look to double benefit under Section 80 from Rs 25,000 to Rs 50,000. Source - Reuters.