I have a doubt regarding 80ccd (1) and 80ccd (1B)
I am a state government employee and my savings under section 80c other than CPS (Contributory pension scheme) are Rs.1,50,000/- (includes LiC and tuition fee of children) Government deduct 10% of basic +DA from my salary for CPS contribution is Rs.60,000/- shall i eligible for 80CCD (1B) of Rs.50,000/- extra deduction. please any one clarify.
Is CPS = NPS as per 80CCD (1) AND 80CCD (1B)
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