ITR Filing 2023-24: 5 ways you can save more tax

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(1B) 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 percent of the corpus from NPS is tax-free.