NPS deduction when monthly deducted by employer

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As i have exhausted section 80C maximum limit of 1.5 Lac due to PF contribution, Tution fees, getting additional 50K through NPS in 80CCD(1B). Now, my new employer is having a monthly NPS deduction option from my salary, however HR confirmed that my employer does  not do matching contribution. Can i get any additional benefits apart from 1.5Lac and 50k? or in 80CCD (2). I heard 10% of basic can be claimed to NPS over and above 80C and 80CCD(1B), please clarify

 

 

Replies (3)
Yes. You can get additional deduction under 80CCD(2) upto 10% of basic salary in addition to 1.5L and 50K in 80C and 80CCD(1B) respectively

Thanks Raj for timely response.

You may avail deduction u/s 80CCD(2) up to 10% of salary on contributions from the employer. But the employer's contribution would be added to your income and then deducted.


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