NPS Tier 1 Account
This query is : Resolved
25 November 2023
One of my client has invested Rs. 50,000/- IN NPS Tier 1 Account during FY 2022-23 and has also invested Rs. 1,50,000/-in PPF/NSC/LIC etc. How much maximum deduction, he is allowed U/S.80C/80CCC/80/CCE etc. ? 1,50,000/- or 2.00,000/-
25 November 2023
2,00,000, Section 80 CCD (1B) gives an additional deduction of Rs.50,000 on their NPS contributions.
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