Deduction u/s 80CCD(1B)

An assessee has made following investments and expenditure during the Financial Year :
80,000 PPF
20,000 ELSS mutual funds
20,000 LIC
90,000 NPS deduction from salary
Can the assessee in above case claim 1.25 lacs (80 20 20) under 80C & additional 30,000 deduction towards NPS under 80C to fully avail 80 C benefits and claim 50,000 out of balance NPS contribution (90-30 = 60) under 80CCD(1B)?
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Quick Summary
This discussion explores how an assessee can claim tax deductions under Section 80C and 80CCD(1B) of the Income Tax Act. It examines the eligibility for claiming a total of £1.25 lakh from PPF, ELSS, and LIC investments under 80C, alongside an additional £30,000 for NPS contributions. The query further investigates claiming the remaining NPS contribution under 80CCD(1B) to optimise tax benefits.

Employee type government employees or pensioners or others?
Government

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