||Who is eligibile to claim deduction u/s 80CCD(1B)
||All individual assesses
||What is the maximum amount of deduction eligible from total income
||Up to Rs. 50,000 paid during the year
||Is the deduction forming part of Rs. 150000 limit as mentioned in Section 80CCE
||The deduction available u/s 80CCD(1B) is over and above Rs. 150000 as available u/s 80C, 80CCC and 80CCD(1)
||Whether accruals/returns generated on contributions is taxable during accumulation phase
||Whether terminal benefits on exit or on superannuation is taxable
||60% is exempt. However by purchasing annuity plan one can avoid income tax on balance portion also.
||When to purchase annuity Plan
||In the same financial year in which terminal benefits received by assessee
||Whether partial withdrawals from NPS is taxable
||25% is exempt from tax.
||Whether pension received from annuity plan is taxable