26 March 2018
A state govt.employee has own annual NPS contribution of Rs.51000/-(10% of basic pay + DA)The govt.also deposit Rs.51,000/-.The employee has saving Rs.150000 in l.I.c under sec 80C.Now can he claim his NPS contribution under sec 80 CCD(1B)?Again can govt.share of Rs.,51000/- be claimed as deduction u/s 80 CCD(2)?
Guest
Guest
(Expert)
26 March 2018
Yes, govt. share can be claimed full here. Extra deduction of your contributions would be: LIC: 1.5 lac NPS: 50,000 (maximum permissible)