Penalty in case of default payment

Indicative APY Contribution Chart

# Varies with age and fixed pension selected in AOF

* Available for those who are not covered under any Statutory Social Security Schemes & for non-tax payers who joins the scheme during the period 1st June, 2015 to 31st March, 2016. The Government co-contribution will be given for 5 years from FY 2015-16 to 2019-20.

Contributions made by an individual under the Atal Pension Yojana are eligible for the deductions under section 80CCD of the Income Tax Act, 1961. Maximum deduction allowed under section 80CCD (1) of the Income Tax Act, 1961 is 10% of gross total income subject to maximum deduction of Rs. 1,50,000 p.a. as specified under section 80CCE of the Income Tax Act. An additional contribution of Rs. 50,000 p.a. is eligible for an additional deduction of Rs. 50,000 p.a. under section 80CCD(1B) of the Income Tax Act, 1961. These deductions are subject to the fulfillment of the conditions mentioned in the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. This is not a legal advice or tax advice and users are furtheradvised to consult their tax advisors before making any decision or taking any action.

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