Atal pension yojna or nps
This query is : Resolved
CA.Rashmi Billore
(Querist)
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
Thanks
Message likes :
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K Srinivas, CMA CS
(Expert)
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
(Expert)
22 March 2019
in my opinion, you may invest in NPS since better returns can be expected.
CA PARAS BAFNA
(Expert)
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
https://npscra.nsdl.co.in/nsdl/faq/APY-FAQs.pdf
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