80 ccd(1B)

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This discussion clarifies tax deductions under Section 80C and 80CCD(1B). You can claim up to INR 1,50,000 under 80C and an additional INR 50,000 under 80CCD(1B) for NPS contributions. Importantly, employer deductions for NPS do not require a separate contribution to claim the 80CCD(1B) limit, making it an effective tax planning strategy once the 80C limit is reached.

jay

jay (Querist)
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04 October 2020 Principal for home loan -90000
PPF-10000
LIC-50000
Employee deduction for NPS-60000

How much deduction can be claimed under 80c and 80CCCd(1B),

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Expert)
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05 October 2020 You can claim INR 1,50,000.00 u/s 80C and INR 50,000.00 u/s 80CCD(1B), subject to the fulfilment of the conditions prescribed for claiming Premium Paid on life insurance policies.

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jay

jay (Querist)
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05 October 2020 question is wether additional Rs.50000 is required for claiming 80ccd(1B) or NPS deducted by employer can be considered under 80CCD(1B)

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Expert)
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05 October 2020 There is no requirement of additional contribution. Since you have exhausted 80C limit, it is perfect tax planning to consider your contribution towards NPS u/s 80CCD(1B) subject to a maximum of INR 50,000.00.

That is why I have answered your question in a straight forward manner, but it seems that you misunderstood the answer. Now, I think your doubt will be resolved.

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