banner_ad

NPS benefits for a retiree

Tax queries 192 views 1 replies

I am a retired  person from a public sector Bank. I am receiving pension from my ex-employer. My queries are as follows.

1. Can I join NPS and avail tax benefits as per 80ccd1?

2. If so, is it necessary to invest in 80ccd1 - tier 1? Can I avail the benefits which are available under 80ccd1b?

May be the reply to this query benefits other pensioners..

Thanks

Replies (1)
You can claim 10% of your pension amount or 1.5 lakhs, whichever is lower, under 80ccd(1).
you can claim a maximum of 50000 under 80ccd(1b) but deduction cannot be claimed twice for an amount under 80ccd(1) and (1b)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details