Menu
Tax exemption of NPS Tier-1 account
I have deposited 1.5 lakh into PPF, which is covering tax exemption under 80C. Also I have kept Rs. 50K into NPS Tier-1 account. Shall I get exemption of Rs. 2 Lakh? I am salaried and my employer slso deduct EPF on regular basis. What does it mean by additional contribution to NPS?
Replies (1)
You will get maximum 1.5 lakhs u/s 80C (ie PPF+EPF). Besides 80C you can claim 50,000 u/s 80CCD for investment in NPS.Total 2,00,000 available
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
