Deduction of 80ccd(1b) for old scheme government employees

Tax planning 155 views 2 replies

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?

 

Replies (2)

Yes, if you have not exhausted the 80CCD1B limit, of Rs. 50000/-

Yes you can opne nps account online and contribute and can get benefits of section 80CCD(1B)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register