Does brokerage in NPS qualify for tax breaks? | Value Research You claim tax deduction on the entire amount of Rs 50,000 that you've invested in the NPS
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Does brokerage in NPS qualify for tax breaks?

You claim tax deduction on the entire amount of Rs 50,000 that you've invested in the NPS

14-Sep-2015 •Research Desk

I had recently made a contribution of ₹50,000 in NPS account. My POP-SP charged a brokerage of ₹125. I want to know what would be the tax declaration for NPS? ₹50,000 or ₹49,875?
- Divyansh

You can claim tax deduction on your entire contribution of ₹50,000.

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