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I have contributed rs.51000 in NPS ...amount debited from my bank account

18 May 2018

I have contributed rs.51000 in NPS ...amount debited from my bank on 28.3.18 ....in NPS details it showing contribution on 3.4.18....in this case can I get benefit of NPS contribution in financial year 2017-18 or in 2018-19

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13 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 18 May 2018

As such in FY 2018-19 only, unless you get certificate from NSDL for contribution amount received on 28.3.2018.

Jatin (Accountant) (3479 Points)
Replied 18 May 2018

You can claim benefit of NPS contribution in 2017-18 on basis of payment receipt generated by portal if you made online contribution through e-nps

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CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 19 May 2018

Agree with Mr jatin

Prabhakar Nath Sharma (92 Points)
Replied 19 May 2018

I have registered online through internet banking...how to get receipt for contribution on 28.3.18

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 19 May 2018

You have registered for net banking........... but any benefits of NPS contribution can be availed only if you had paid the contribution online.......

You would have issued cheque for your NPS contribution.

Prabhakar Nath Sharma (92 Points)
Replied 19 May 2018

no I have contributed online through netbanking

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 19 May 2018

Did you pay directly through NSDL portal or NEFT/ or through any agent?

Prabhakar Nath Sharma (92 Points)
Replied 19 May 2018

thought SBI netbanking from saving account to nsdl

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 19 May 2018

In that case you would have downloaded the payment receipt 'for the contribution to NPS' from the NSDL site, as on 28.03.2018.

Based on that receipt you can claim your deduction in the year 2017-18 itself.

Prabhakar Nath Sharma (92 Points)
Replied 19 May 2018

I have not downloaded it ...what to do now

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 19 May 2018

Based on bank passbook or money transfer details, you can claim your deduction; but to avoid any future litigation, a receipt from NSDL would be more authentic; particularly when NPS statement itself reveals different year of deposit.

Get clarification from NSDL....

Prabhakar Nath Sharma (92 Points)
Replied 19 May 2018

Subscriber Details
PRAN 110182381481 Statement Date May 19, 2018 01:00 PM
Name PRABHAKAR NATH SHARMA From April 01, 2017 To March 31, 2018
Address RB-IV, FLAT NO 8,RLY OFFICERS Tier-1 Status ACTIVE Generation Date March 31, 2018
PUNE Tier-2 Status ACTIVE
PUNE Scheme Choice ACTIVE CHOICE
MAHARASHTRA-411001 POP Reg No 5000214 POP-SP Reg No 6001575
INDIA POP Name State Bank of India POP-SP Name STATE BANK OF INDIA, PUNE
MAIN(00454)
IRA Status IRA Compliant POP Address 6th floor, Corporate Centre, POP-SP Address P.O.Box. 6
Mobile Number +919112996449 State Bank Bhavan Collector Office
Email ID SHARMA2066 @ YAHOO.IN Madam Cama Road Nariman Point Pune
Mumbai Pune
400021 411001
Nominee Name ARCHANA PRABHAKAR NATH SHARMA Percentage 100%
The total contribution to your pension account till March 31, 2018 was Rs. 0.00.
The total value of your contributions as on March 31, 2018 was Rs. 49163.83
Your contributions have earned a return of Rs. 49163.83 till March 31, 2018.
The details of your Transaction are as under
Scheme Details Percentage
Scheme 1 ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I 50.00%
Scheme 2 ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I 30.00%
Scheme 3 ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I 15.00%
Scheme 4 ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I 5.00%
Investment Details
Account Status as of March 31, 2018
Total Contribution (Rs) No of Contribution Total Withdrawal (Rs) Current Valuation (Rs) Notional Gain / Loss (Rs)
0.00 0 0.00 49163.83 49163.83
PFM/Scheme Total Net Contribution
(Rs)
Total Units
Date
Latest NAV Value at NAV
(Rs)
Unrealized
Gain /
Loss (Rs)
Return on
investment
(XIRR)
ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER
I
0.00 919.9229 26.5703
31-Mar-18
24442.62 24442.62
ICICI PRUDENTIAL PENSION FUND SCHEME C -
TIER I
0.00 599.4598 24.7441
31-Mar-18
14833.09 14833.09
ICICI PRUDENTIAL PENSION FUND SCHEME G -
TIER I
0.00 352.2747 21.0116
31-Mar-18
7401.85 7401.85
ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER
I
0.00 224.4962 11.0749
31-Mar-18
2486.27 2486.27
0.00%
Total 0.00 49163.83 49163.83
Changes made during the selected period
No change affected in this period.
Contribution/ Redemption Details
Date Particulars Uploaded By
Contribution
Employee
Contribution (Rs)
Employer's
Contribution (Rs)
Total
(Rs)
01-Apr-17 Opening Balance 0.00
31-Mar-18 Closing Balance