Ms. Pallavi (32 years old) is employed as a manager of a company in Delhi and submits the following particulars of her income.

Salary Rs.30,000 p.m, Dearness Allowance Rs.5,000 p,m. (forms a part of all retirement benefits). Her employer contributes Rs. 50,000 per annum towards the National Pension scheme (NPS) and she herself contributes Rs. 92,000 p.a. Her income from other sources is Rs.5,00,000. She invested Rs.24,000 in National Savings Certificates (IX Issue) and Rs.65,000 in public Provident Fund with SBI and Rs.4,000 towards Life Insurance Premium on her own life. She has invested Rs.30,000 in an annuity plan of LIC eligible for deduction under 80CCC. Compute the net taxable income of Ms. pallavi for the assessment year 2019-20 and advise Ms. Pallavi whether she and her employer should reduce their contribution to the NPS.