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All citizen or corporate model?

Your employer's contribution would eligible for tax deduction of up to 10% of salary (Basic + DA) under Section 80CCD (2)

Should I opt for the all citizen model or corporate model in National Pension Scheme (NPS)? Which is the better option?
- Jyoti Ranjan

If your company is offering to match your contribution to National Pension Scheme (NPS), you should grab the offer and go for the corporate model. Otherwise, you can opt for the all citizen model. Your contribution would qualify for a tax deduction of up to 10% of salary (Basic + DA) under Secton 80 CCD (1) within the overall ceiling of ₹1.5 lakh available under Section 80 CCE. Your employer's contribution would eligible for tax deduction of up to 10% of salary (Basic + DA) under Section 80CCD (2) which is in addition to the overall limit of ₹1.5 lakh.

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