sir
pl let me know whether employee voluntary contribution to NPS in tier i is exempt frpm tax for the f.y 2022 23 in new regime and same for next year fy 2023 24 in new regine also.thank you
suja pirama (132 Points)
12 June 2023sir
pl let me know whether employee voluntary contribution to NPS in tier i is exempt frpm tax for the f.y 2022 23 in new regime and same for next year fy 2023 24 in new regine also.thank you
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 12 June 2023
Employees contribution not eligible for deduction in New regime.
Only employers' contribution is allowed for deduction.
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