I am a salaried Professor in a private college. My salary is 5.3 lac per annum. I want to open NPS account…have a query that if I will invest 1.5 lac per annum under ppf…lic…etc and will invest another 50000 under NPS….will I be eligible for deduction of 1.5 lac under 80c or will get additional deduction of 50000 from NPS….
As I have listen than additional 50000 deduction from NPS is applicable only to self employed….
Kindly guide me…
Refer my blog post to get clarity of the same “NPS Tax Benefits – Sec. 80CCD(1), 80CCD(2) and 80CCD(1B)“.
Thank you sir