Atal pension yojna or nps

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CA.Rashmi Billore (Querist)
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22 March 2019 For the current financial year, apart from 1.50 lac investment under section 80C I want to Investment Rs. 50000 in NPS or Atal Pension Yojana. Is it possible to invest Rs. 50000/- in this scheme in single shot /lum-sump for this fincial year. Or only monthly deduction is permitted?

Thanks

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K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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22 March 2019 lumpsum possible in both . Atal pension investment is based on your pension amount and may or may not match 50000 per annum..

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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22 March 2019 in my opinion, you may invest in NPS since better returns can be expected.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 March 2019 If you go through FAQ on APS, you will find that taxpayers are not entitled for the same. Go for NPS as suggested by the expert Mr. K Srinivas.
https://npscra.nsdl.co.in/nsdl/faq/APY-FAQs.pdf