80ccd1 and 80ccd(1b)
This query is : Resolved
05 May 2018
SO MANY DOUBTS IS TO TAKE DEDUCTION U/S-80CCD(1B) BECAUSE I AM A GOVT SCHOOL CONSULTANT,
EMPLOYEE HAS INVEST IN 150000/- (ONE LACK FIFTY THOUSAND ONLY) IN LIC MEANS COMPLETE HIS 80C LIMIT HE IS TELLING ME I CAN CLAIM MY CONTRIBUTION(EMPLOYEE SHARE) IN NPS DEDUCTED FROM SALARY IN U/S - 80CCD(1B) NO NEED TO ADDITION INVEST INSTEAD OF EMPLOYEE SHARE PLEASE CLEAR GIVE ME CIRCULAR PLEASE
EMPLOYEE HAS INVEST IN 150000/- (ONE LACK FIFTY THOUSAND ONLY) IN LIC MEANS COMPLETE HIS 80C LIMIT HE IS TELLING ME I CAN CLAIM MY CONTRIBUTION(EMPLOYEE SHARE) IN NPS DEDUCTED FROM SALARY IN U/S - 80CCD(1B) NO NEED TO ADDITION INVEST INSTEAD OF EMPLOYEE SHARE PLEASE CLEAR GIVE ME CIRCULAR PLEASE
06 May 2018
Additional tax benefit for investment up to Rs 50,000 in NPS is allowed. Inference - Budget 2016.
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