Deduction under 80CCD (1B)
This query is : Resolved
01 March 2022
Can state govt. employee get additional deduction under 80CCD (1B) of Rs.50000/-
Salary as per below
Basic Rs. 437600/-
DA Rs. 74392/-
other allowances ( incl HRA,TA,DCPS) Rs.200168/-
Total Gross Salary Rs. 712160/-
Investment
80C - LIC,NSC Rs.150000/-
80CCD(1) - Employee Contribution Rs.51834/-
80CCD(2) - Employer Contribution Rs.72444/-
Salary as per below
Basic Rs. 437600/-
DA Rs. 74392/-
other allowances ( incl HRA,TA,DCPS) Rs.200168/-
Total Gross Salary Rs. 712160/-
Investment
80C - LIC,NSC Rs.150000/-
80CCD(1) - Employee Contribution Rs.51834/-
80CCD(2) - Employer Contribution Rs.72444/-
01 March 2022
Yes, it can be claimed...
01 March 2022
If employer have already NPS account (PRN) of employee than how the employee get additional deduction under 80CCD(1B).
01 March 2022
The PRAN is allotted to individual investor. The investor is eligible to claim the relief for any investment made to his NPS Tier I account, be directly by himself or through any agent.
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