Deduction for pension fund

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Article/GST Practitioner
98 Points Posted on 13 October 2020
I have invested in nps contribution of 75000,
my total 80c deduction is 120000 already full.
can I claim nps amt 30000 in 80c and remain balance into 80ccd1b nps contribution by employee upto 50000.

please reply urgently required.
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On 13 October 2020 at 09:49 Report
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Quick Summary
If you've contributed to NPS and already maxed out your 80C deduction, you can still claim your NPS amount. Specifically, you can claim up to ₹75,000 under 80C and the remaining balance can be claimed under 80CCD(1B) up to an additional ₹50,000. This allows you to maximise your tax deductions on your pension contributions.

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12244 Points Posted on 13 October 2020
Yes you can claim... there's no bar
1 Reply
On 13 October 2020 at 12:24
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Student CA IPC / IPCC
89 Points Posted on 13 October 2020
Yes it can be claimed in 80CCD (1B)
1 Reply
On 13 October 2020 at 15:03

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