National Pension System for Tax Relief

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I am salaried Semi Govt Employee with old pension scheme available after Retirement My age 55 Years
I Started Investing in NPS from last three four months
Sir,My Query is investing in NPS with TIER 1 Voluntary Contribution is able to liable any Tax Relief for me in ITR Filing with New Regime
Replies (4)
You can claim exemption u/s 80CCD(1), in case your limit of 1,50,000 exhausted then additional deduction of Rs 50000 allowed u/s 80CCD(1B).
As per section 115( BAC) of the income tax act , deduction under section 80CCD(2) for employer contribution to employees NPS account is available, so your contribution as employee to NPS is not available in new tax regime, also deduction under section 80(C) 150000/- not available.

please refer section 115BAC of Income tax Act .

Take more opinion on this.
Yes I agreed with Mr Prasad Nilugal view.

In new regime sec 80C not deductible.
Earlier reply was in respect of old regime, in new regime deduction u/s 80CCD(2) I.e. employer contribution will be available as said by the earlier two experts( Raja Sir & Prasad Nilugal)


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