Greetings
I had a query that whether old pension scheme government employees( who are contributing to GPF) are eligible to open NPS account in Tier 2 for additional tax deduction under section 80CCD(1B) Rs 50000?
urvashi (ca) (38 Points)
06 March 2019Greetings
I had a query that whether old pension scheme government employees( who are contributing to GPF) are eligible to open NPS account in Tier 2 for additional tax deduction under section 80CCD(1B) Rs 50000?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160940 Points)
Replied 06 March 2019
Yes, if you have not exhausted the 80CCD1B limit, of Rs. 50000/-
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 07 March 2019
Yes you can opne nps account online and contribute and can get benefits of section 80CCD(1B)
CAclubindia
