15 January 2020
Hi, I am taking deduction in full 1.5 lakhs under section 80C. I am also taking deduction of Rs 50,000 under section 80CCD(1b) which is additional contribution by individual in NPS. I have query regarding deductions on NPS under section 80CCD (2). Can deduction by employer for NPS up to 10% of Basic under section 80CCD(2) be over and above total deduction of 2 Lakhs as stated earlier ?
16 January 2020
Oh! Although may not be the intention of the section, but yes..... you have a valid point. One can claim 80CCD(1B) 50,000 + 80CCD(2).. as does not exceed 10% of salary etc.
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