Good news for government employees! Now, you can save more income tax; here is how
There is good news for government employees as they can now save more tax. Earlier this week, the government had issued a notification, announcing more income tax benefits on NPS Tier II account. The central government through a gazette notification dated July 7, 2020, has introduced the National Pension Scheme Tier II- Tax Saver Scheme, 2020.
The minimum amount of contribution required to activate the NPS Tier 2 account shall be Rs 1000. Source - PTI.