Employer NPS: government staff
Sample: Meena, 41, central government officer in Lucknow. ₹15 lakh a year, basic plus DA ₹9 lakh.
Employer NPS saves ₹19,660 in the new regime
Employer NPS of 14% of basic plus DA is deductible in both regimes for government staff.
The new regime saves you₹69,270 a year
Already in the columns above: Employer NPS at 14% of basic plus DA, Sec 124 (old 80CCD(2)) cuts the new regime tax by ₹19,660 a year.
See every line
New regime
Lower tax- Gross salary₹15,00,000
- Standard deduction (Sec 19, old 16(ia))less ₹75,000
- Employer NPS (Sec 124, old 80CCD(2))less ₹1,26,000
- Taxable income₹12,99,000
Tax with cess₹77,840