NPS contribution
This query is : Resolved
30 November 2022
Hello Experts
I want to know the limit of contribution in NPS Teir 1 to make my corpus more.. i am now 49 yrs. Besides tax rebate i should get u/s 80C and 80 CCD 1(B)..
Pl advise ..
Regards
I want to know the limit of contribution in NPS Teir 1 to make my corpus more.. i am now 49 yrs. Besides tax rebate i should get u/s 80C and 80 CCD 1(B)..
Pl advise ..
Regards
30 November 2022
The maximum benefit you can claim is 2 lakhs.
1.50 lakhs in aggregate under sec. 80C, which includes investment in any other options available under the sub-section;
while 50K u/s. 80 CCD(1B) of the act, specifically for NPS Tier I investment in a year..
1.50 lakhs in aggregate under sec. 80C, which includes investment in any other options available under the sub-section;
while 50K u/s. 80 CCD(1B) of the act, specifically for NPS Tier I investment in a year..
30 November 2022
Sir. It means I can invest more but not not More than 2 lac..
Pl confirm
Pl confirm
30 November 2022
Yes, you cannot get deduction of more than 2 lakhs from the taxable income.
01 December 2022
NPS Tier 1 Contribution
The minimum NPS Tier 1 contribution is Rs 1,000 per annum. There is no maximum limit on your NPS Tier 1 contribution. The minimum initial contribution to the NPS Tier 1 Account is Rs 500.
However, as sir, told tax benefit is restricted to 50000/- only. Further, There is no tax benefit on investment towards Tier II NPS Account.
The minimum NPS Tier 1 contribution is Rs 1,000 per annum. There is no maximum limit on your NPS Tier 1 contribution. The minimum initial contribution to the NPS Tier 1 Account is Rs 500.
However, as sir, told tax benefit is restricted to 50000/- only. Further, There is no tax benefit on investment towards Tier II NPS Account.
Message likes :
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01 December 2022
Madam. PL advise shall i open teir 2 account also to mak my corpus more
.
Regards
.
Regards
26 December 2022
You can open Tier II account where we can withdraw the money easily when required in case of urgency
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