Treat ment of nps

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Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Under which section does the "NATIONAL PENSION SCHEME" get's deduction and what is the limits & conditions for deduction
Please answer to my query

Santosh Mishra

Santosh Mishra (Expert)
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02 March 2013 Employee contribution get exemption upto 10% of salary(80CCD1)subject to a maximum of 100000 under sec 80C

Employer contribution is exempt upto 10% of salary under section 80CCD(2).This is over and above exemption limit of 100000 u/s 80C

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Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2013 Thank you sir for giving an information for my query

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