09 January 2017
for claiming additional deduction, whether a person is required to 1st invest up to 1.5 lac in NPS under 80C and then if additional investment is done ,that will be allowable for additional 50000? OR one can invest for 1.5 lacs in any other options(like nsc, ppf) & only if upto 50000 is done , is available for additional 50000 deduction?
09 January 2017
Employee Contribution falls under 80CCD1 maximum Rs.150000/- Bracket , Employer contribution to fund Rs.50000/- is additional above 150000/- can be claimed provided employer contribution first added to salary same is allowed under 80CCD2
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