I work for a PSU bank and 10% of my salary goes into the NPS. In this financial year, my contribution to NPS will be around 85,000. Can I claim deduction for 50,000 under the new Section 80CCD (1B) and for the remaining 35,000 under Section 80CCD? Yes, you can claim the ded...
Authorities believe that while EPF is a statutory deduction scheme for all organized sector employees in any establishment having 20 or more employees, NPS is voluntary. Besides, whileEPF deductions are 12%each for employees and employers,NPS deductions are 10%. Budget 2015-16 and transfer of EPF...
Also Read: Know All About Section 80 CCD (1B) Deduction What Are the Numerous Possibilities for Leaving the NPS? Before the maturity of the NPS account, an investor has the option of withdrawing their earned earnings from the account. As a result, it is a premature withdrawal, and it is...