Is NPS own contribution over and above 80C limit of Rs.1,50,000
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Nps
Replies (3)
Nah its not
Additional deduction of rs.50,000 can be claimed u/s 80 CCD for investment in NPS.
In Addition to 1.5 Lacs for 80C, you can save upto 50,000 more if you invest in NPS.
However, before running just after tax saving vehicles like NPS, check this -
https://www.investrite.co.in/pdf/fonTAX050216152658DebateonNewPensionScheme.pdf
https://insight.banyanfa.com/why-not-to-invest-in-new-pension-scheme-nps/
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