Nps payment related

made contribution of Rs50000 to nps via bank netbanking site to get deduction under section 80ccd (1b)

in bank statement shows date of 29 july as money got deducted on same day...and in pran trnx statement its showing contribution date as 3 aug ...
weather i can claim this contribution in fy19-20 ??
Replies (2)
Quick Summary
This discussion clarifies whether an NPS contribution made via netbanking on July 29th, but reflected in the NPS statement on August 3rd, can be claimed for the financial year 2019-20. The consensus is that the date of payment, when the money left your bank account, is the crucial date for tax deduction purposes, not the date it appears in the NPS transaction statement. Therefore, this contribution can be claimed for AY 2020-21 (FY 2019-20).

Yes you can claim it for a. y. 20-21

The date of payment needs to be considered not the date of contribution.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register