Section 80CCD(1B) deduction
This query is : Resolved
Quick Summary
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
The whole amount is invested in Tier-1
03 March 2021
You have to invest in Tier I for taking deduction u/s 80CCD(1B)
28 October 2021
Yes, balance 50K can be consider for deduction u/s. 80C.
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