Income Tax benefit under National Pension Scheme

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  1. Rajesh V Shah

    Rajesh V Shah New Member

    I am retired executive from Insurance Company. My wife has completed 58 yrs. I want to enroll her name in the scheme. I want to contribute from my monthly pension income and interest income upto Rs. 1 lac per year. I would like to know whether I can claim deduction under both section from my income and upto which age of my wife I can contribute on yearly basis.
    Your response will be highly appreciated

    with Regards
    Rajesh V shah
  2. Rajesh V Shah

    Rajesh V Shah New Member

  3. Company Formation

    Company Formation New Member

    The additional tax benefit of 50000 is over and above the benefit of 1.5 Lakhs which can be claimed as a deduction under Section 80CCE. Therefore, the total tax benefits that can be claimed for NPS under Section 80CCD(1) + Section 80CCD(1B) equals to 2 Lakhs for this financial year. Or you can contact
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