In NPS can I open Tier II account for tax savings u/s 80C?

I am a Govt. employee under GPF scheme and pension scheme and join in the service on 1998. Can I deposit under NPS in Tier II for tax savings upto Rs1.0 lakh ?Because I use to save tax under ELSS scheme.

asked Oct 30 '11 at 19:26 by Indra 1●1●1●1

One Answer:

oldest newest most voted

There is no tax benefit available for investment into New pension scheme Tier 2 account. You will have to deposit into tier 1 scheme to get tax benefit.

answered Oct 31 '11 at 16:27 by Pankaj Batra 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

tax-saving ×120
new-pension-scheme ×56
provident-fund ×45
nps ×40
government-employee ×5
tier-ii ×3

Asked: Oct 30 '11 at 19:26

Seen: 2,660 times

Last updated: Oct 31 '11 at 16:27

In NPS can I open Tier II account for tax savings u/s 80C?

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions