NpS tier 1 deduction

I invest 35,000 in lic premium.

if I put 165000 in nps tier 1, will I get total deduction of Rs. 2 lakh ?

which is the relevant section in addition to 80 C?
Replies (5)
Quick Summary
This discussion clarifies how to achieve a total tax deduction of Rs 2 lakh by investing in NPS Tier 1 and LIC premiums. It confirms that combining investments under Section 80C and Section 80CCD (1B) for NPS, along with LIC premiums, can indeed lead to the full Rs 2 lakh deduction. The key condition for LIC premium deduction, that it must be less than 10% of the sum assured, is also confirmed as met.

You can claim full deduction of Rs. 200000

U/s 80CCD (1) - 115000
U/s 80CCD (1B) - 50000

U/s 80C - 35000

What is your policy sum assured ?
Thanks a lot.

no issue on lic policy premium
Deduction of LIC premium,

Premium must less than 10% of sum assured
Yes. correct. thanks a lot.

it is less than 10 %of sum assured in my case.
Ok....

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