80ccd(1)
This query is : Resolved
08 March 2016
Hello Experts
Please help this time too as "render of last resort!"
If an employee has Rs.200000 in 80C including NPS of 50000. Whether he can claim the NPS Rs.50,000 in 80CCD(1B) which allows 50000 over and above the deduction allowed u/s 80C? What is the clear condition for 80CCD(1B) ?
Please help this time too as "render of last resort!"
If an employee has Rs.200000 in 80C including NPS of 50000. Whether he can claim the NPS Rs.50,000 in 80CCD(1B) which allows 50000 over and above the deduction allowed u/s 80C? What is the clear condition for 80CCD(1B) ?
08 March 2016
yes , 200000 can be claimed under Chapter VIA Rs.50000/- Additional u/s 80CCD(1B)
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08 March 2016
THAT MEAN 150000 EXCLUDING NPS 50000 CAN BE CLAIMED IN 80 C AND THE NPS CAN BE CLAIMED IN 80CCD(1B) FOR THE SAKE OF TAX EXEMPTION
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