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<h1>New Tax-Saving Benefits Introduced Under National Pension Scheme Tier II- Tax Saver Scheme, 2020, via Section 80C</h1> The National Pension Scheme Tier II- Tax Saver Scheme, 2020, established by the Ministry of Finance's Department of Revenue, was notified by the Central Board of Direct Taxes on July 7, 2020. This scheme is enacted under the authority granted by section 80C of the Income-tax Act, 1961. It is officially titled the National Pension Scheme Tier II- Tax Saver Scheme, 2020, and became effective upon its publication in the Official Gazette. The scheme aims to provide tax-saving benefits under the direct taxes framework.