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Deduction for nps

This query is : Resolved 

Querist : Anonymous


Querist : Anonymous (Querist)
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).


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

Querist : Anonymous


Querist : Anonymous (Querist)
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.

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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