I have joined the government service before 2004. Am I eligible to open a National Pension Account (NPS) and can I claim the additional tax benefit on my contributions under Section 80CCD(1B)?
- Garud
Yes, you can. Any Indian, including resident and non-resident, between 18 and 60 years can join National Pension System (NPS). Investments in NPS is independent of your contributions to any provident fund or subscriptions to pensions funds.
This article was originally published on January 27, 2016.