Tax rebate unde NPS contribution

Share
Share This Thread
  1. Ruby Kotoky

    Ruby Kotoky New Member

    I am an state goverment employee from 2015 and is covered under NPS scheme. In this scheme both me and my employeer contributes equal amoun. For the FY 2015 - 2016 conributions are as follows :
    Category : Tier I
    Criteria of deduction : 10% of Basic + DA
    Employee contribution : Rs. 66499.00
    Employeer's contribution : Rs 66499.00
    Total : Rs. 132998.00
    My query is:
    1. Can this whole amount i.e. Rs. 132998.00 falls u/s 80C or only employee's contribution?
    2. Excluding these contribution, if my saving is Rs 150000.oo , how much additional tax benefit under NPS will I be eligible and under what section?
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Rebate Under 80 TTA Income Tax May 31, 2017
Can claim rebate under Section 194J? Income Tax May 30, 2017
Rebate of Housing loan (Principal Amount) under Section 80C. Income Tax Mar 2, 2017
Tax rebate under section 80EE Income Tax Nov 1, 2016
Rebate under Section 89 Income Tax Jul 28, 2016