Tax rebate unde NPS contribution

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  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?
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