I am an govt employee. For the contribution to my retirement plan (in NPS account) 10% of my salary along with the same amount from my employer is contributed. In the last FA I have contributed Rs. 60,000 and my employer contributed Rs. 60,000. In addition to this investment I have some other investment around Rs. 80,000 which comes under 80C. Now my query is will I get deduction in ITR under 80C for the contribution from the employer and additional Rs. 50,000 deduction under 80CCD(2) as total investments is Rs. 2,00,000 combining my contribution and employer.
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Contribution from employer deductible under 80c
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Mr.Abhijit, on a combined reading of section 80CCD(1), 80CCD(1A), 80CCD(2) and 80CCE, i can safely say that you are entitled to full deduction of Rs.2Lakh.
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