I was previously employed with a PSU which had NPS as the pension plan. During the FY 2016-17, the Company deducted Rs. 35000 as employees contribution to NPS and Contributed approximately the same amount. I additionaly made investments of Rs. 150000 in Tax saving FDs and PPF. Now can I claim 35000 under Section 80 CCD 1B, and what should be the treatment for the employers contribution in my ITR
1.5 lakhs can be claimed cumulatively in 80cce and 35000 can be claimed in 80ccd(1b). employers contribution can be claimed in 80ccd(2) but the same needs to be included in gross income