Sir We have paid ppf of 150000 and 50000 in national pension system can we claim 200000 deduction..
thanks in advance
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Additional 50000 deduction under 80Ccd(1B)
Replies (7)
Yes you can, go-ahead and claim
@ suluwayi shanmikha
You Wii be able to claim Rs 150000 under 80C and additional 50000 for 80CCD (1Bl
You Wii be able to claim Rs 150000 under 80C and additional 50000 for 80CCD (1Bl
Yes you can claim 200000 deduction
1. Deductions u/s 80CCD(1) is allowed to the extent of Rs. 1.4 lakhs whereas deductions u/s 80CCD(1B) is allowed to the extent of Rs. 50,000 separately.
2. Both the above deductions are allowed when the investment is made in a pension scheme notified by the central government.
3. So, the maximum amount of deductions allowed u/s 80CCD(1) and sec 80CCD(1B) will be Rs. 2 lakhs.
Please correct me if the above solution has an alternative view.
Yes, you can claim 150000 and 50000 under 80C and 80CCD(1B) respectively.
You will be able to claim Rs 150000 under 80C and additional 50000 for 80CCD (1B)
1. Deductions u/s 80C to the extent of Rs. 1.5 lakhs and in addition to that if the investment is made in NPS that will also be available to the extent of Rs. 50,000.
2. In your case, deductions u/s 80C 1.5 lakhs and deductions u/s 80CCD(1B) of Rs. 50,000. So the total deductions of Rs. 2,00,000 will be available.
Please correct me if the above solution has an alternative view.
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