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TAX SAVING UPTO Rs. 10000 UNDER SECTION 80 CCD (1B) BY CONTRIBUTING IN NPS TIER II


March is the last month of the Financial Year and also finalization of your income tax. As TDS are deducted by the concerned DDO and still you have time to save upto Rs. 10000 under Section 80 CCD(1B) of the Income Tax by contributing to NPS Tier -II.

It is very simple for those who are covered under NPS Scheme as every employee is provided a PRAN No and after logging into NPS website, you can activate your Tier-II option also. The normal contributions are under NPS Tier -I and Tier -II is optional as per the rule. Saving upto Rs. 50000 are allowed under Section 80 CCD(1B) for tax saving upto Rs. 10000.

Payments of your contribution can be made through any of the Internet banking sites where your PAN is link.

Links for updating and activation NPS Tier -II - CLICK HERE.
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