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Deduction under section 80c

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(Querist)
30 December 2014 is the deduction available under section 80ccd(2) over and above the deduction available under section 80C?

suppose an assessee has 1,50,000 under 80 C and under 80ccd(2) has 20000. can he claim 1,70,000?
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CA. Amol Jain

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CA. Amol Jain (Expert)
30 December 2014 Yes..he can claim 1,70,000.00
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@VaibhavJ

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@VaibhavJ (Expert)
30 December 2014 Hi

also deduction under 80CCD(2) is restricted to 10% of Basic + DA

Thanks
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CA. Amol Jain

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CA. Amol Jain (Expert)
31 December 2014 Agree with Mr. VaibhavJ..
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@VaibhavJ

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@VaibhavJ (Expert)
31 December 2014 Thanks, also whole amount which you are showing as deduction u/ 80CCD(2) need to be added first in Gross Total Income of an employee, so virtually it doesn't give any tax saving..

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