Is nps deduction u/s 80ccd (1b) capped at 10% of sal +da?

Tax benefits on Investment in NPS

1. Investment up to Rs 1.5 lacs into NPS in a financial year is eligible for deduction under Section 80CCD(1). Overall ceiling of Rs 1.5 lacs for deduction under Section 80C.Capped at 10% of sal+DA or GTA
2. Up to Rs 50,000 per financial year for any investments into NPS under Section 80CCD (1B). This deduction is over and above the ceiling limit of Rs 1.5 lacs provided under Section 80C.
3. Contribution from the employer up to 10% of Basic Salary + Dearness Allowance is also eligible for deduction under Section 80CCD(2). There is no upper cap.

It is correct to assume that the limit of 10% of salary or GTI does not apply to this additional contribution of Rs. 50,000/-  u/s 80CCD(1B)