My friend working in a private firm having monthly salary of 43734 but no contribution has been made by employer but he open one NPS account and contributed Rs 53000.00 for the last financial year. He like to submit income tax return ( though he is out of tax regime) and confused in which section he will claim this 50000 deduction for NPS. Is it 80 CCD(1B) ? Kindly confirm..
Thanks.
One more question please, if he choose new tax regime whether he is eligible for this 50000 deductions?
Thanks for the help.
It is not available in New regime
Hema Yashwanth & Associates
Chennai
B.Com
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
