Deduction for nps


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2018 Deduction under section 80ccd(1). 80ccd(2) and 80ccd(ib) for NPS. My question is whether employee contribution i.e. 10% of basic salary in provident fund can be claimed under 80ccd(ib).

28 August 2018 Yes employee contribution can be claimed u/s 80CCD(1B)

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2018 Thanks for your reply but i want to know Whether contribution in NPS and Contribution to provident fund are same? OR NPS and Provident Fund are different things.

29 August 2018 NPS is investment under the National Pension SYstem of the government.

Check this link:

https://www.livemint.com/Money/W5eYvGxIRPFqPzwc2VChzN/What-is-good-for-you-EPF-NPS-or-both.html


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