Menu
Sec-80 ccd(1b)
I have already deposited Rs. 150000/- in PPF in F.Y.2017-18. Can I deposit Rs. 50000/- in NPS in a single installment for claiming deduction U/s -80ccd(1b) as a tax saving purpose? I am falling in 20% taxation slab.
Replies (3)
Yes, NPS Tier 1 Account is eligible for the deduction, but its long term (pension) account liable for tax partly at the time of withdrawal. So, check the same on NSDL site
Can Individual deposit Rs.50000/- in NPS by SINGLE INSTALLMENT for availing benefit of sec-80ccd(1b) ?
Yes, you can... by single or multiple deposits........
Recent Threads
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
Related Threads
CAclubindia
