Nps deduction by employer in salary , query???

Tax queries 151 views 2 replies

Hi

employer deduction under NPS on 10% of basic and DA salary  could b claimed under section 80 CCD 1 B for Rs. 44800 when 80 C is filled by LIC, PPF, ELSS  amounting  to 1.5 lakh ? 

 

So i can avail 2 lakh deduction??

could anyone clarify please.

or should it b claimed under only 80 CCD 1, limiting my deduction to 1.5 lakh putting under over all limit of 80 C???

 

thanks with anticipation

Replies (2)
yes you can claim NPS under section 80ccd(1B)
Yes you can claim NPS u/s 80ccd1(b) if your deduction exceeds 1.5 lakhs u/s 80c, and all other basic deductions


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