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Nps scheme query
If my 80C ceiling limit of Rs. 150000 has Not Exhausted and if my contribution to NPS Scheme is in excess of 10% of my salary. Can I adjust the excess in my 80C ceiling limit?
Replies (3)
Claim the deduction u/s 80CCD(1B). Deduction is allowed up to rs 50000 without any further conditions.
Deduction u/s 80CCD(1B) is over and above the limits of section 80C.
deduction of 10% of salary is allowed us 80CCD(1) which is include in the overall limit of 150000 of 80C i.e. Sec 80CCE
And addition deduction of 50000 is allowed us 80CCD(1B) for NPS
And addition deduction of 50000 is allowed us 80CCD(1B) for NPS
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