Section 80 ccd(1b) for investment in nps

This query is : Resolved

Jayprakash Gupta (Querist)
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09 March 2015 The Union Budget-2015-16 has offered deduction under Section 80CCD (1B) of Rs.50,000, towards investment in New Pension Scheme.

Query is raised as to whether this deduction is available to individuals who make contributions in NPS Account directly.

Will be glad to receive the clarification.

Jayprakash Gupta,
Mumbai

Vineet Goyal

Vineet Goyal (Expert)
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21 March 2015 It is better you do not invest in NPS. Just go through and you will know the reason.

http://financeandtaxhub.blogspot.in/search/label/NPS