Deduction for nps
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2018
Deduction under section 80ccd(1). 80ccd(2) and 80ccd(ib) for NPS. My question is whether employee contribution i.e. 10% of basic salary in provident fund can be claimed under 80ccd(ib).
28 August 2018
Yes employee contribution can be claimed u/s 80CCD(1B)
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2018
Thanks for your reply but i want to know Whether contribution in NPS and Contribution to provident fund are same? OR NPS and Provident Fund are different things.
29 August 2018
NPS is investment under the National Pension SYstem of the government.
Check this link:
https://www.livemint.com/Money/W5eYvGxIRPFqPzwc2VChzN/What-is-good-for-you-EPF-NPS-or-both.html
Check this link:
https://www.livemint.com/Money/W5eYvGxIRPFqPzwc2VChzN/What-is-good-for-you-EPF-NPS-or-both.html
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