How much tax i can save with eNPS?

The amount of tax you can save through the eNPS will depend on your tax bracket and the amount of money you contribute to your pension account. Under the eNPS, you can claim a tax deduction on your contributions up to a certain limit.

In India, the maximum amount of tax-deductible contributions to the eNPS is currently capped at 10% of your salary (for salaried individuals) or 20% of your net income (for self-employed individuals), subject to a maximum of INR 2.5 lakhs per year. This means that if you contribute up to INR 2.5 lakhs per year to the eNPS, you can claim a tax deduction on your contributions up to that amount.

For example, if you are a salaried individual with an annual salary of INR 10 lakhs and you contribute INR 1 lakh to the eNPS, you can claim a tax deduction of INR 1 lakh on your contributions. If you are in the 30% tax bracket, this will result in a tax saving of INR 30,000 (30% of INR 1 lakh).

It is important to note that the tax benefits of the eNPS are subject to change, and you should consult a financial advisor or a tax professional for specific tax advice.