POSTED BY December 1, 2012 1:04 pm COMMENTS (6)ON
I wish to know the tax exemptions for investments/premium paid under NPS Tier1 Account by me and under which section of IT Act can I claim the exemption.
I have read conflicting reports of sec 80/C and sec 80CCD [over and above 1 lakh limit but the investment must be done by employer].
Every year I pay the premiums/investment towards my NPS Tier1 account which is inturn used for pension funds.
Help me get a clarity as my employers are unaware of NPS.