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Deduction under section 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2018 can I avail deduction under section 80C for amount deducted under NEW PENSION SCHEME by my government employer.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
16 March 2018 Yes. NPS (DCPS) contribution is deductible u/s 80C.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
16 March 2018 To be more precise,

Employee contribution is deductible u/s 80CCD(1)
Employer contribution is deductible u/s 80CCD(2)
Additional investment upto Rs.50000 is also deductible u/s 80CCD(1) (b)
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