New proposal of additional saving of Rs.50,000 under NPS – Section 80 CCD

POSTED BY Radha Ramana ON March 8, 2015 10:11 am NO COMMENTS

I am a PSU employee and have a pension plan that is prior to NPS and the investment does not come under 80 CCD. But now they have increased the limit under 80 CCD by Rs.50,000. Incidentally, if I have another NPS in my personal capacity and I save Rs.50,000 a year, can I claim tax rebate on that – please note that the saving in NPS is done by me personally and not by my employer.

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