Atal pension yojna or nps

This query is : Resolved

CA.Rashmi Billore (Querist)
Follow

22 March 2019 For the current financial year, apart from 1.50 lac investment under section 80C I want to Investment Rs. 50000 in NPS or Atal Pension Yojana. Is it possible to invest Rs. 50000/- in this scheme in single shot /lum-sump for this fincial year. Or only monthly deduction is permitted?

Thanks

Message likes : 1 times

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

22 March 2019 lumpsum possible in both . Atal pension investment is based on your pension amount and may or may not match 50000 per annum..

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

22 March 2019 in my opinion, you may invest in NPS since better returns can be expected.

Upgrade to CAclubindia Pro. Subscribe Now!

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

25 March 2019 If you go through FAQ on APS, you will find that taxpayers are not entitled for the same. Go for NPS as suggested by the expert Mr. K Srinivas.
https://npscra.nsdl.co.in/nsdl/faq/APY-FAQs.pdf