I have saved more than 150000 under 80c and 80ccd(1)and claiming tax deduction for it.
Can I claim deduction of same amount of nps subscripttion under section 80ccd(2) also, as it is paid by my employer?
pl guide
14 Replies
Y GOPI REDDY
(GREAT POLITICAL LEADER)
(378 Points)
Replied 28 July 2019
No u can not any amount raised as deduction
Saket Mishra
(367 Points)
Replied 29 July 2019
If you are a employee then claim deduction under sec 80CCD(1) But upto 150000 including deduction of 80C and you can also claim additional deduction of 50000 for NPS u/s 80CCD(1B) ie; your(employee) contribution and also claim u/s 80CCD(2) ie; employer contribution....
shiv choudhary
(35 Points)
Replied 29 July 2019
additional deduction is allowed upto 50000 under sec 80ccd (1b)
Ramakoti Amara
(133 Points)
Replied 29 July 2019
Mr. Saket Mishra,
kindly tell how to claim deduction under section 80ccd(2). in ITR-1 it is not calculating the amount I put in that respective column. where shall I put the employer's contribution
kindly tell how to claim deduction under section 80ccd(2). in ITR-1 it is not calculating the amount I put in that respective column. where shall I put the employer's contribution
rishabh kandari
(student)
(36 Points)
Replied 29 July 2019
I am facing the same problem. The ITR form does not provide deduction in respect to 80ccd(2). Need to know what I am doing wrong.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177891 Points)
Replied 01 August 2019
For NPS contribution (upto 50000/-), fill the amount in 80CCD 1(b).
Ramakoti Amara
(133 Points)
Replied 01 August 2019
Mr. Saket, I don't find any part 1, 2,3...and clauses in ITR-1...they are part A to part D. in which part we can put employer's contribution to NPS ?
Ramakoti Amara
(133 Points)
Replied 01 August 2019
you mean if 80ccd(2) contribution by employer is entered in we Xcel utility , then it will be accepted by itr-1 for tax deduction?
Saket Mishra
(367 Points)
Replied 01 August 2019
from where r u submitting ITR-1 ??
directly in income tax site ?
directly in income tax site ?
Ramakoti Amara
(133 Points)
Replied 02 August 2019
yes.
my question is simple. whether I can claim deduction of tax for the amount of contribution in NPS by my EMPLOYER ? I repeat "EMPLOYER"? If so in which column of itr-1?
my question is simple. whether I can claim deduction of tax for the amount of contribution in NPS by my EMPLOYER ? I repeat "EMPLOYER"? If so in which column of itr-1?
Saket Mishra
(367 Points)
Replied 02 August 2019
i hv never submitted ITR 1 directly therefore i haven't any idea just use either utility or software for the same..
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