Sir
In NPS scheme, Iam contributing 10% of my salary and my employer is also contributing equal amount to my NPS. Can I still claim 50, 000 exemtion under 80 CCD(1) section. Please advise.
Mohan
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80 ccd(1)
Replies (2)
A new section 80CCD(1B) has been introduced to provide for additional deduction for amount contributed to NPS of up to Rs 50,000. Therefore for financial year 2015-16, Total Deduction under Section 80C, 80CCC,80CCD(1) and 80 CCD(1B) cannot exceed Rs 2,00,000. You can check here at https://www.incometaxindia.gov.in/_layouts/15/dit/pages/viewer.aspx?grp=act&cname=cmsid&cval=102120000000037023&opt=&isdlg=1
Uttam sir,
link is not opening
200000 limit as per which section
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