Maximum deduction for NPS in old tax regime

[Meher_Smaran]

It is 2 lks { 80C + 80CCD 1(B) }

Additional 50k is available only for Tier 1 NPS account

@Quicko , pls add if I’ve missed anything

Investing in NPS

In NPS there are two options Tier 1 and Tier 2. Tax exemption is available only if you invest in Tier 1. This also means that once invested, you can withdraw only when you reach 60 years. Now, with regard to deduction. The maximum limit of exemption is Rs. 2.00 Lakhs To answer your question, you will be eligible for deduction upto 2 lacks from all tax saving investments. Section Description Maximum Deduction 80C Tax-saving instruments and investments Up to ₹ 1,50,000* 80CCC Contr…