Section 80CCD deduction for self-contributions to the National Pension Scheme (NPS) (1B) This new provision allows individuals to claim an additional deduction of up to Rs.50,000 for money put in their NPS account. Contributions to the Atal Pension Yojana are also tax-deductible under section...
Exemption under Section 10 (12A) on the amount received from NPS If an individual invests in a National Pension System Trust or any other pension scheme as mentioned under Section 80CCD and then closes the scheme, the money received from the scheme would be exempted from tax. The exemption ...