HI Professional Friends
My 80C total investment is Rs 1 Lakh. Will I invest Rs 50,000 in NPS Tier 1 (National Pension Scheme) and further extra another Rs50,000 also will I invest in NPS?
If so shallI get exemption Rs 2Laks? (1.5L under 80C and another Rs50K under 80CCD)
Is this right understanding?
Please clarify
Adv Thanks
Balaji Subbu
You will get aggregate 1.5 lakh deduction for investments made in 80 C, 80CCC and 80 CCD (1) (i.e. as employee) plus additional 50k deduction if you invest under 80 CCD (1B). Pls. ensure that the additional investment (50k) you make is covered under this section.
Hello Josh (Manager)
Thank you so much
Yes, I got your points. You have a talent of educating others in a clear cut manner.
Cheers
Balaji Subbu
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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