Nps
Deshpande Makarand R
(Querist) 18 March 2015
This query is : Resolved
Our Company enrolled for NPS last year and I become a member.
My company has reduced my Additional allowance by the value of 10% basic. And is deposited in the NPS.
My Income /saving ( Form 16) shows reduced total salary by 10% of basic and does not show the contribution against 80-CCD(II).
My questions are
(1)Is this the correct method of showing the NPS.
(2)Will this affect me when I want to withdraw the final amount.
(3)With the new IT rules from 2015-16 how do I get the extra benefit of Rs 50,000/+
R.K Nanda
(Expert) 18 March 2015
consult tax lawyer.
Devajyoti Barman
(Expert) 19 March 2015
you can post the query in caclubindia.com for sutable reply and assitance.