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Section 80CCD(1B) deduction

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(Querist)
03 March 2021 I am working in bank. 10% of basic + da is deducted from salary towards NPS. Can I split the said deduction into two parts. Rs.50000 under section 80CCD(1B) and balance under 80C

The whole amount is invested in Tier-1
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Spurto Consultancy Services

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Spurto Consultancy Services (Expert)
03 March 2021 You have to invest in Tier I for taking deduction u/s 80CCD(1B)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 October 2021 Yes, balance 50K can be consider for deduction u/s. 80C.




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