NPS
This query is : Resolved
19 November 2016
hi experts,
one of my friend hadnt file fy 2015-16 return he has only salary income around 5lac and he already invested 1.5lac in ppf during fy 15-16 and his contri. to pf is 30000rs and employer contri to NPS is 15000..
so my question is he can avail total 165000 as deduction 150000 in 80c and 15000 in 80ccd(1b)?
20 November 2016
Employer's contribution can't be eligible for deduction.
20 November 2016
That is not included in the salary hence no deduction allowed. If it is deducted from salary then IT deduction will be allowed.
04 November 2021
He can avail his own contribution of 30K in NPS, u/s. 80CCD(1b).
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