In this section, you have to declare that you understood the NPS scheme and all the details provided by them are correct. Also, have to sign at the end of the section along with the place and date. Declaration by employer This section applies only to government subscribers. Here details of...
000 in care of Tier 1 account). However, there is no limit on the maximum amount of investment in NPS schemes. Subscribers of NPS have to make at least one contribution in a financial year.
The employee has a choice as to which section ,80CCD(1) or 80CCD(1B), he wants to show his contribution. Ideally he should show Rs 50,000 investment in NPS u/s 80CCD(1B). The tax deduction on rest Rs 12,000 can be claimed u/s 80CCD(1). The section 80CCD(1) along with ...
The EPF is completely a tax-exempt scheme. It offers provident fund, pension, insurance, and disability benefits, among other things, but NPS does not have such mass benefit. EPF with more than 8.6% almost assured return from its own investments without any government contribution makes it a ...