1 Whether Contribution maid by individual to NPS up to Rs. 50000/- is allowed over & above Rs. 150000/- u/s 80c?
2 whether an Employer contributes to this scheme on behalaf of an Employee, will Employee get deduction u/s 80c?
Ashok Kelkar (B.Com) (143 Points)
11 February 20161 Whether Contribution maid by individual to NPS up to Rs. 50000/- is allowed over & above Rs. 150000/- u/s 80c?
2 whether an Employer contributes to this scheme on behalaf of an Employee, will Employee get deduction u/s 80c?
sanjana dami
(CA final student)
(68 Points)
Replied 11 February 2016
upto 50,000 is allowed over and above 150000.
and empolyer contribution upto 10% is also over and above 150000.