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1. Gross Salary per annum = Rs 30 lac
2. Basic + DA Salary per annum = Rs 18 lac
3. Tax deduction employee expects to avail under Sec 80C this year (excluding NPS contributions) = Rs 50,000
4. Tax deduction employee expects to avail under Sections other than 80 C this year (such as 80D, 80E, Sec 24, 80G etc) as per unchanged Tax slabs/ rates of Budget 2020 = Rs 100,000
5. Tax deductions employee expects to avail this year, as per the limited deductions allowed under New Tax slabs/ rates of Budget 2020 = Rs 20,000
6. Amount of Yearly contribution to NPS Tier 1 account, chosen by user = Rs 3,30,000
7. The Analysis of Income Tax liability as per the Unchanged and New tax slabs/ rates of Budget 2020 as well as the additional tax saving generated by contribution to NPS (depending on mode of contribution) is presented in the table below:
   
   
8. CONCLUSION : Using Unchanged Income tax slabs/ rates of Budget 2020 along with Amount and mode of NPS Tier 1 contribution recommended by Stock Holding results in least tax liability for the user (Highlighted as green in the table above).

Note : Ceiling for claiming tax deductibility of Annual Employer contribution to "NPS Tier 1 account, EPF and Superannuation along with accrued interest" = Rs 7.5 lac