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 1111

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 5.2k320


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Asked: Oct 30 '11 at 19:26

Seen: 3,333 times

Last updated: Oct 31 '11 at 16:27