Deduction u/s 80cce
Mahesh Chandra Mohapatra (189 Points)
22 July 2019120000 u/s 80c
63000 u/s 80ccd NPS
I am a state govt. employee
how much deduction can I claim from my salary
Mahesh Chandra Mohapatra (189 Points)
22 July 2019
Tushar Gupta
(48 Points)
Replied 22 July 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 22 July 2019
1. Total deductions available u/s 80C is Rs. 1,50,000. However, contribution to NPS scheme is covered u/s 80CCD(1B). This contribution is over and above Rs.1,50,000 above. Maximum deductions available under this section would be Rs. 50,000.
2. Hence in your case Rs. 50,000 u/s 80CCD(1B) and balance of Rs. 13,000 will be added to sec 80C and the total deductions u/s 80C is Rs. 133,000.
Please correct me if the above solution has an alternative view.
Tushar Gupta
(48 Points)
Replied 22 July 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 22 July 2019
Yes. To be more appropriate sec 80CCD(1) and it forms part of the overall limit of Rs. 150,000. Am I right?
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