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?
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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.