80 ccd(1b)

jaykishan (B.Com) (35 Points)

07 January 2018

Can Individual deposit Rs.50000/- in NPS by SINGLE INSTALLMENT for availing benefit of sec-80ccd(1b) ?

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3 Replies

A.B.RAJ (FINANCE PRACTIONER ) (250 Points)
Replied 07 January 2018

yes you can deposit in SINGLE INSTALLMENT for availing benefit of sec-80ccd(1b)

jaykishan (B.Com) (35 Points)
Replied 08 January 2018

What is the Tax treatment of maturity value of NPS at the time of retirement of employee?

A.B.RAJ (FINANCE PRACTIONER ) (250 Points)
Replied 08 January 2018

at the time of retirement 40% amount will be exempted us 10(12A)..hence 60% will be taxed

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