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Additional 50000 deduction under 80Ccd(1B)

suluvayi shanmukha (21 Points)

24 September 2019

Sir We have paid ppf of 150000 and 50000 in national pension system can we claim 200000 deduction..
thanks in advance

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7 Replies

T K Vijith (143 Points)
Replied 24 September 2019

Yes you can, go-ahead and claim

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Kapadia Pravin (17264 Points)
Replied 25 September 2019

@ suluwayi shanmikha
You Wii be able to claim Rs 150000 under 80C and additional 50000 for 80CCD (1Bl

DEEPTI ASAWA (45 Points)
Replied 25 September 2019

Yes you can claim 200000 deduction

Suresh Thiyagarajan (Student) (3986 Points)
Replied 25 September 2019

1. Deductions u/s 80CCD(1) is allowed to the extent of Rs. 1.4 lakhs whereas deductions u/s 80CCD(1B) is allowed to the extent of Rs. 50,000 separately.
2. Both the above deductions are allowed when the investment is made in a pension scheme notified by the central government.
3. So, the maximum amount of deductions allowed u/s 80CCD(1) and sec 80CCD(1B) will be Rs. 2 lakhs.
Please correct me if the above solution has an alternative view.

Kalyani (Chartered Accountant) (181 Points)
Replied 26 September 2019

Yes, you can claim 150000 and 50000 under 80C and 80CCD(1B) respectively.

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Kapadia Pravin (17264 Points)
Replied 17 October 2019

You will be able to claim Rs 150000 under 80C and additional 50000 for 80CCD (1B)

Suresh Thiyagarajan (Student) (3986 Points)
Replied 17 October 2019

1. Deductions u/s 80C to the extent of Rs. 1.5 lakhs and in addition to that if the investment is made in NPS that will also be available to the extent of Rs. 50,000.
2. In your case, deductions u/s 80C 1.5 lakhs and deductions u/s 80CCD(1B) of Rs. 50,000. So the total deductions of Rs. 2,00,000 will be available.
Please correct me if the above solution has an alternative view.