Can NPS Vatsalya help you get Rs 2 lakh tax deduction like NPS? Read the fine print carefully before investing

NPS Vatsalya tax benefits: Finance Minister Nirmala Sitharaman has launched NPS Vatsalya, a retirement savings scheme for minors. NPS offers significant tax benefits to investors. Various media reports claimed that similar tax benefits have been extend to NPS Vatsalya. Will get tax deductions under Section 80CCD(1) and Section 80CCD (1B) of the Income-tax Act, 1961 for investing in NPS Vatsalya? Read on to find out