banner_ad

National Pension System for Tax Relief

284 views 4 replies
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)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details