80c, 80ccd, 80ccc

Tax queries 236 views 3 replies
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Central government civil servant
21 Points Joined June 2019

I am central goernment officer.

I have NPS account where i accumulated Rs. 70000 in assessment yr 2019-20 u/s 80CCD

U/S 80C - 134000

SO 80C +80CCD=204000>200000 as NPS Account holder have additional benefit of Rs. 50000 for tax payer.

But my Employer is saying 80C +80CCD+80CCC should never more than 1.5 lakh which is u/s 80CCE.

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On 05 June 2019 at 17:04 Report
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TDS Preparer
1464 Points Joined September 2017
You should show the NPS u/s 80ccd(1b). Calculation should be
80C - 134000
80ccd(1) - 16000
&
80ccd(1b) - 50000.
If your employer doesn't allow the deduction like this you can claim this benefit while IT returns.
1 Reply
On 05 June 2019 at 19:46
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12244 Points Joined May 2017
agree with Mr RAJASEKAR
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On 05 June 2019 at 20:49
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ca.umesh11@gmail.com
1465 Points Joined October 2007

Yes you can claim additional deduction of 50000 under section 80CCD 1(B). in addition to 150000 under section 80C.  Have you received form 16?

Have you invested extra amount yourself in nps ??. pls personal message me. 

 

 

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On 06 June 2019 at 07:23


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