Deduction u/s 80CCD(1B)

An assessee has made following investments and expenditure during the Financial Year :
80,000 PPF
20,000 ELSS mutual funds
20,000 LIC
90,000 NPS deduction from salary
Can the assessee in above case claim 1.25 lacs (80 20 20) under 80C & additional 30,000 deduction towards NPS under 80C to fully avail 80 C benefits and claim 50,000 out of balance NPS contribution (90-30 = 60) under 80CCD(1B)?
Replies (2)
Quick Summary
This discussion explores how an assessee can claim tax deductions under Section 80C and 80CCD(1B) of the Income Tax Act. It examines the eligibility for claiming a total of £1.25 lakh from PPF, ELSS, and LIC investments under 80C, alongside an additional £30,000 for NPS contributions. The query further investigates claiming the remaining NPS contribution under 80CCD(1B) to optimise tax benefits.

Employee type government employees or pensioners or others?
Government

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