National Pension Scheme and 80c Exemption

Balaji Subbu (SAP FICO) (220 Points)

24 February 2021  

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