Explanation about 80CCD(1B)

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63 Points Joined February 2018
Can we claim NPS Seperately in U/s 80CCD(1B) and what is the limit of this Section.
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On 18 February 2022 at 12:52 Report
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GST Practitioner & Accounts
15045 Points Joined March 2014
You NPS account is Tire1 or Tire2 ?.
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On 18 February 2022 at 13:28
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BUSINESS DEVELOPMENT MANAGER
1697 Points Joined February 2019

Exclusive Tax Benefit to all NPS Subscribers u/s 80CCD (1B)

An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act.

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On 18 February 2022 at 13:33
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12244 Points Joined May 2017
You can claim a maximum of 50k under 80ccd(1b) apart from the deduction of 100k claimed under 80ccd(1), subject to the condition that deductions cannot be claimed for same amount under 80ccd(1) and 80ccd(1b)
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On 18 February 2022 at 14:24
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2 Points Joined February 2022
How to calculate nps amount 14% & 10% state govt employees fy 21-22
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On 23 February 2022 at 02:08
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63 Points Joined February 2018
If NPS Amount is >80K, and u/s 80C we have claim <1.5 Lacks, then can we adjust for 1.5 Lacks and remaining Amt I u/s 80CCD(1B).
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On 26 February 2022 at 21:17
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12244 Points Joined May 2017
Yes you can adjust..
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On 26 February 2022 at 21:39
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63 Points Joined February 2018
Thanks.
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On 06 March 2022 at 14:59


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