Eligibility of Contribution of Rs. 50000 in NPS

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  1. Indranil Dutta

    Indranil Dutta New Member

    I am a private employee. As per latest budget if I invest Rs. 1,50,000/- in PPF and only Rs. 50,000/- in NPS, then shall I be eligible for total deduction of Rs. 2,00,000/- from total income, for the F.Y. 2015-16? Can anyone help?

    Indranil

    Kolkata
     
    Girish KN likes this.
  2. Shishir Nayak

    Shishir Nayak Member

    Your answer is in your question itself. Still if you are in confusion i ll clarify..
    You can contribute minimum rs 500 and maximum of rs 150000 to PPF. Further u/s 80CCD you can avail rs 50000 deduction over and above sec 80c by contrbuting to NPS. That means total rs 200000 you can avail deduction.
     
    Girish KN likes this.
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