Sec 80ccd(1), 80ccd(2) & 80ccd(1b)

Section 80CCD(1)

• Employee contribution up to 10% of basic salary and dearness allowance (DA) up to 1.5 lakh is eligible for tax deduction.
• This contribution along with Sec 80C has 1.5 Lakh investment limit for tax deduction. {with an option to claim it u/s. 80CCD(1b)}

Section 80CCD(2) 

• Employer’s contribution up to 10% of basic plus DA is eligible for deduction under this section.
• Employer’s contribution is an additional deduction as it not part of Rs 1.5 lakh allowed under Section 80C.

Originally posted by : Dhirajlal Rambhia
	Section 80CCD(1) Employee contribution up to 10% of basic salary and dearness allowance (DA) up to 1.5 lakh is eligible for tax deduction. This contribution along with Sec 80C has 1.5 Lakh investment limit for tax deduction. {with an option to claim it u/s. 80CCD(1b)}   Section 80CCD(2)  Employer’s contribution up to 10% of basic plus DA is eligible for deduction under this section. Employer’s contribution is an additional deduction as it not part of Rs 1.5 lakh allowed under Section 80C.

sir 

amit is invested Rs. 150000/- in mutual fund (Tax Saver), now he is claim Rs. 50000/- in sec 80ccd(1B).

Yes, He is eligible........

(provided conditions of Amit & Ram be same !!)