1) Can the employees already part of Old Pension Scheme (OPS) also subscribe to NPS? 2) Is income tax exemption in NPS also available under new regime?
Practice question Answer- iv)none of the above Investment under NPS upto Rs 1.50 lakh is exempted from tax Armed forces personnel were not included in NPS in 2004. NPS became applicable to all central government employee from 2009. Thank You ma'am
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QOD answer is option iv. Thank youv
qotd option i
1) Can the employees already part of Old Pension Scheme (OPS) also subscribe to NPS?
2) Is income tax exemption in NPS also available under new regime?
only the employer contribution u/s 80CCD(2)
Practice question
Answer- iv)none of the above
Investment under NPS upto Rs 1.50 lakh is exempted from tax
Armed forces personnel were not included in NPS in 2004. NPS became applicable to all central government employee from 2009.
Thank You ma'am
Practice question
Ans- i
1 a