November 9, 2012 10:20 pm
Is amount contributed to NPS is exempted from Income tax? Is it within the limit of Rs. 1,00,000 of 80C or excluding that limit?
How much amount can be contributed annually to NPS? Is there any maximum limit?
Dear Mitra, your own contribution ‘ll save you tax under section 80C, whereas your employer’s contribution can save tax under section 80CCF.
NPS comes under 80C , and the money which your employer deposits on your behalf as benefit will be seperate from 80C
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