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Section 80C, 80CCC and 80CCD

08 August 2022

I'm a salaried employee. Can I claim the following deductions in one financial year:
(a) Rs. 150000 under section 80C
(b) Rs. 50000 under section 80CCD(1B)
(c) 10% of basic salary under section 80CCD(2)
I want to claim 2 types of deduction under section 80CCD (i.e. point 2&3). Please let me know if it is possible.

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 08 August 2022

For a & b you will get deduction only 1,50,000/- as per section 80CCE ,for c you Can claim 10% of basic salary.

Shivangi Garg (12 Points)
Replied 08 August 2022

But section 80CCD(1B) provides additional deducted of 50000 over and above of Rs. 150000 limit on section 80C, 80CCC & 80CCD(1)

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 08 August 2022

No , As per section 80CCE you will get only deduction of 1.50 lacs , which covers 80C ,80CCC, and sub section 1 of the section 80CCD of the Income tax act .

rama krishnan (12234 Points)
Replied 08 August 2022

Yes sir, you can claim all the three deductions. the deduction referred in point no. 3 can be claimed subject to the condition that the same should be included in total salary income (80ccd(2) deduction is on account of employer contribution)