Income Tax on NPS

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  1. Rajesh Kumar Sinha

    Rajesh Kumar Sinha New Member

    Dear Sir,
    My yearly salary is Rs. 916000
    Savings under 80c is 276000
    This savings is excluding nps contribution.
    My nps contribution is Rs 64000 and my employers contribution is Rs 64000.

    My question is whether I am eligible for deduction under 80ccd for my contribution to nps over and above 80c savings.

  2. Karan Batra

    Karan Batra Well-Known Member

    Yes, Deduction for Investment in NPS Account is allowed over and above the deduction allowed under Section 80C
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