Deduction u/s 80 C

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226 Points Posted on 25 March 2021
In case we invested 1,50,000 in PPF and 50,000 in NPS then maximum deduction will be 1.5 lac or 2 lac ?
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On 25 March 2021 at 11:38 Report
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This discussion clarifies the maximum deduction allowed under Section 80C when investing in both PPF and NPS. While the general limit for Section 80C is Rs 1.5 lakh, investments in NPS can offer an additional deduction of up to Rs 50,000 under Section 80CCD(2)(b), provided specific conditions are met. Therefore, the total potential deduction could reach Rs 2 lakh in certain circumstances.

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Chartered Accountant
24588 Points Posted on 25 March 2021
200000 rupees shall be the deduction amount as investing in NPS gets additional deduction of
50000 rupees in addition to 150000 rupees deduction
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On 25 March 2021 at 12:42
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17269 Points Posted on 26 March 2021
It is 150000/- only. Additional 50000/- under 80CCD(2)(b) in prescribed way
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On 26 March 2021 at 09:38

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