Nps tier 2 deduction

265 views
User Avatar

3 Points Posted on 12 November 2021
nps tier 2 contribution is available as deduction or not?
0 Reply Share Follow
On 12 November 2021 at 10:54 Report
Replies (6)
Quick Summary
This discussion clarifies whether National Pension System (NPS) Tier 2 contributions are eligible for tax deductions. The consensus is that NPS Tier 2 contributions are not available for deduction under Section 80CCD(1B) or generally. Therefore, individuals cannot claim tax benefits on their Tier 2 investments.

User Avatar

Chartered Accountant
24588 Points Posted on 12 November 2021
Yes...
1 Reply
On 12 November 2021 at 11:36
User Avatar

3 Points Posted on 12 November 2021
Please provide any guidelines regarding this
Reply
On 12 November 2021 at 11:41
User Avatar

SEO Sai Gr. Hosp.
212572 Points Posted on 12 November 2021

NPS Tier 2 is not eligible for sec. 80CCD(1B) deduction.

Reply
On 12 November 2021 at 15:41
User Avatar

Chartered Accountant
24588 Points Posted on 13 November 2021
Thanks for the information
Reply
On 13 November 2021 at 05:53
User Avatar

CMA
13117 Points Posted on 13 November 2021

No deduction in respect of tier 2 contributions

Reply
On 13 November 2021 at 09:14
User Avatar

Chartered Accountant
24588 Points Posted on 15 November 2021
Thank you
Reply
On 15 November 2021 at 19:53

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading