80CCD (1B)
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Quick Summary
25 April 2021
Dear sir/ Madam
can employee claim deduction u/s 80CCD(1b) in respect of nps deducted from salary by the emloyer ( employee contribution)
can employee claim deduction u/s 80CCD(1b) in respect of nps deducted from salary by the emloyer ( employee contribution)
CA Raj Doshi
(Expert)
25 April 2021
Generally NPS deducted from employee salary would be 80CCD(2). Same cannot be claimed under 80CCD(1B).
CMA Poornima Madhava
(Expert)
26 April 2021
Section 80CCD(1B) pertains to deduction on account of additional contribution from the employee up to ₹50,000 pa. This is in addition to the employee's contribution u/s 80CCD(1).
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