Additional tax benefit on NPS contribution | Value Research You can make a contribution of up to Rs 50,000 in the NPS and claim additional tax exemption under Section 80CCD(1B)
Ask Value Research

Additional tax benefit on NPS contribution

You can make a contribution of up to Rs 50,000 in the NPS and claim additional tax exemption under Section 80CCD(1B)

I am currently investing in ELSS for tax saving purpose to the tune of ₹1.5 lakh. Would I be eligible for additional tax benefit of ₹50,000 if I make a contribution towards NPS?
- Pramod T Palathinkal

Yes, you can make a contribution of up to ₹50,000 and claim additional tax exemption under Section 80CCD(1B) of the Income Tax Act.


Other Categories