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I want to know the tax benefits

Additional tax deduction on saving of Rs 50000/- over and above the limit of Rs 1.50 Lakh available under section 80CCE of Income Tax Act, 1961(under section 80CCD (1B) of Income Tax Act, 1961).

Effectively, NPS Subscribers can now claim up to Rs 2.00 Lakh as Tax Deduction against Rs 1.50 lakh earlier.