Your can claim a tax deduction on your additional contribution to National Pension Scheme (NPS) Tier-I account
I contributed an additional ₹50,000 in NPS through the portal but the contribution went to Tier-I. Is it okay for seeking additional tax deduction?
- Puneet Swaroop
Your can claim a tax deduction on your additional contribution to National Pension Scheme (NPS) Tier-I account. You can claim an additional tax deduction of ₹50,000 on your extra contribution to NPS under Section 80CCD(1B).
This article was originally published on March 14, 2016.
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