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80CCD1B .additional benefit for nps subscribers

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Mechanical
215 Points Posted on 19 November 2020
My salary contribution to NPS is one Lakh and I have one lakh 80C savings(F.D,insurance premiums etc)

Can I add the excess amount after (80C =1.5lakh limit ) in 80CCD 1B. ?

Please give me an answer.🙏
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On 19 November 2020 at 20:24 Report
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Accountant
3662 Points Posted on 19 November 2020
Yes,

You can

Maximum deduction allowed Rs. 200000

80C - 150000

Additional NPS Contribution - 50000
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On 19 November 2020 at 20:52
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Mechanical
215 Points Posted on 21 November 2020
In the internet. it says that 80CCD 1B is EXTRA voluntary contribution to NPS, But my employer is deducting from my salary as usual.So
is it right to add the excess savings (such as insurance premium, FD etc )in the 80CCD1B
Please clarify.?
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On 21 November 2020 at 20:34


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