may any regular employee having GPF eligible to take NPS for rebate in Income tax is for gpf employees or not
Replies (2)
Quick Summary
This discussion clarifies whether regular employees contributing to the General Provident Fund (GPF) can also invest in the National Pension System (NPS) to claim tax rebates. It's confirmed that GPF employees can indeed invest in NPS for tax benefits. However, to claim the rebate under Section 80CCD(1B) of the Income Tax Act, they must have a separate Permanent Retirement Account Number (PRAN) and make separate contributions to their NPS account.