Author Topic: Steps to Voluntary Contribution in NPS  (Read 2010 times)

<--Jack-->

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Steps to Voluntary Contribution in NPS
« on: February 14, 2017, 07:49:33 PM »
This facility can be used for investing the extra Rs. 50, 000 tax benefit.

NPS Tax Benefits under Sec.80CCD (1B)

    This is the additional tax benefit of up to Rs.50,000 eligible for income tax deduction and was introduced in the Budger 2015

    Introduced in Budget 2015. One can avail the benefit of this Sect.80CCD (1B) from FY 2015-16.

    Both self-employed and employees are eligible for availing this deduction.

    This is over and above Sec.80CCD (1).


The maximum benefit you can avail under Sec.80CCD (1) is Rs.1,50,000 (including Sec.80C limit). Along with this Rs.50,000 under Sec.80CCD (1B). So total maximum benefit an individual can avail is Rs.2 lakh (where Rs.1.5 lakh will be part of Sec.80C limit).

<--Jack-->

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Re: Steps to Voluntary Contribution in NPS
« Reply #1 on: February 14, 2017, 07:52:51 PM »
How to invest in NPS online through eNPS?

Click on ENPS website http://enps.nsdl.com/

click on ‘Contribution’ option.

« Last Edit: February 17, 2017, 07:36:29 AM by <--Jack--> »

<--Jack-->

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Re: Steps to Voluntary Contribution in NPS
« Reply #2 on: February 14, 2017, 07:53:59 PM »
Enter your PRAN number and DOB.

After authentication by OTP via both mobile and email, you can make contributions to Tier I


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Re: Steps to Voluntary Contribution in NPS
« Reply #3 on: February 14, 2017, 07:54:31 PM »
As of now the Tier option shows ‘voluntary’. This implies a voluntary contribution to Tier I.  There seems to be no option to invest in Tier II account. This can be done via an online SBI SB account.

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Re: Steps to Voluntary Contribution in NPS
« Reply #4 on: February 14, 2017, 07:55:24 PM »
Fill OTP and Submit

<--Jack-->

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Re: Steps to Voluntary Contribution in NPS
« Reply #5 on: February 14, 2017, 07:56:04 PM »


Fill Money and click on confirm button

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Re: Steps to Voluntary Contribution in NPS
« Reply #6 on: February 14, 2017, 07:56:36 PM »
Then you have to click on Make payment option




Click on proceed
« Last Edit: February 14, 2017, 07:57:48 PM by <--Jack--> »

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Re: Steps to Voluntary Contribution in NPS
« Reply #7 on: February 14, 2017, 07:58:19 PM »
You can pay through debit card, credit card or internet banking options.



In this case payment is made by Net Banking of SBI


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Re: Steps to Voluntary Contribution in NPS
« Reply #8 on: February 14, 2017, 07:59:46 PM »


these steps may vary in your net banking



Payment of 1000 rs is done


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Re: Steps to Voluntary Contribution in NPS
« Reply #9 on: February 14, 2017, 08:01:08 PM »


You have to download receipt in PDF format



This act as proof while calming deductions in tax

 

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