Often yes, if you are on the payroll, because it is one of the few parts of a salary that still saves tax in the new regime. When your company pays into your NPS account as your employer, that contribution is deductible for you up to 14% of your basic pay plus dearness allowance in the new regime, and 10% in the old, within a ₹7.5 lakh a year ceiling on employer contributions to NPS, PF and superannuation together. The trade-off is the lock-in: NPS is retirement money with limited early withdrawals, so it suits money you will not need for decades, not your emergency fund or your runway. It also costs the company the same as paying you salary, so it reshapes pay you already take rather than adding cash. Set it up through your payroll under NPS's corporate model, and confirm the limits for the year with your CA.
3 resources, 3 India-specific, 3 link-checked.
The India detail on NPS: the equity option, the tax benefits, and the withdrawal lock ins, so you know exactly what you are tying up before you commit.
From ClearTax by ClearTax
Open cleartax.in →A plain explainer of how the labour codes' definition of wages changes a salary's structure, take-home pay, PF and tax.
From Business Today by Basudha Das
A calculator that works out your tax under both regimes from your salary and deductions, with the slabs and the deductions each regime allows.
From ClearTax by ClearTax
