Deduction for nps



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).


K Srinivas, CMA CS (Expert)
28 August 2018
Yes employee contribution can be claimed u/s 80CCD(1B)


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.

K Srinivas, CMA CS (Expert)
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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