NPS Scheme and Tax Banefit

POSTED BY soniR ON February 24, 2012 5:28 pm ONE COMMENT

New pension scheme of govt,
I read article about NPS, which says, if Employer deposit the Money at NPS scheme, than it is expempted under Tax and the limit is over and above Rs.1 lacs under 80CC.
NPS contribution will be considered under 80CCD-2, Is this true?

One reply on this article “NPS Scheme and Tax Banefit”

  1. ashal jauhari says:
    February 25, 2012 at 12:34 am

    Dear Soni R, yes the article is very true but there is a limit for this 80CCD benefit. It can’t be more than 10% of your salary. Here Salary means basic salry + Dearness Allowance if any.

    Thanks

    Ashal

    Reply

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