National Pension Scheme Tier II- Tax Saver Scheme, 2020. - 45/2020 - Income Tax

..... MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 45/2020 New Delhi, the 7th July, 2020 S.O. 2232(E).-In exercise of the powers conferred by clause (xxv) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely:- 1. Short title and commencement.- (1) This scheme may be called the National Pension Scheme Tier II- Tax Saver Scheme, 2020. (2) It shall come into force from t .....

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National Pension Scheme Tier II- Tax Saver Scheme, 2020. - 45/2020 - Income Tax

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..... n or after the date of commencement of this scheme. (ii) The minimum amount of contribution to activate the specified account shall be one thousand rupees and minimum amount of subsequent contribution shall be two hundred and fifty rupees. 4. Lock- in-period.-The contribution made under this scheme shall have a lock in period of three years from the date of credit of amount to the specified account. 5. Transferability.-The contribution made to the specified account shall not be permitted to be a .....

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National Pension Scheme Tier II- Tax Saver Scheme, 2020. - 45/2020 - Income Tax

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