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/+
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