25 July 2017
I have invested Rs 1.5 lakh in PPF and Rs 124134 in NPS. Am I still entitled to the employer’s contribution of NPS 62,067 under Section 80CCD(2) & 80CCD(1) Rs 12067 & 80CCD(1B) Rs 50000? and 80CCD(1) is included under section 80C cap of Rs 1.5 Lacs.....
02 August 2017
80CCD(2) allows employer contribution if it does not exceed 10% of salary in the previous year 80CCD(1) is included in cap of rs 1.5 lakhs, if the limit of Rs1.5 lakhs is not exceeded, the benefit can be claimed. as far as claim u/s 80CCD(1B) benefit of rs 50000 can be availed provided no deductions has been claimed and allowed u/s 80CCD(1)
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