Nps additional deduction limit

Tax planning 147 views 2 replies
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22 Points Joined November 2017

Can i Invest and claim 1.5 lacs limit under sec 80C with Non-NPS investments (PPF, ELSS) , and invest 50,000 more in NPS and claim this additional deduction under Section 80CCD(1B). There by totally 2 Lacs??

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On 23 November 2017 at 19:53 Report
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Student
1511 Points Joined November 2017
Additional Deduction up to 50,000 is eligible under 80CCD(1B).
limit of 1.5 lakh u/s 80CCE does not apply to deduction u/s 80CCD(1) and 80CCD(1B).
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On 23 November 2017 at 20:04
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Student
1511 Points Joined November 2017
u/s 80 CCE-- -- 1.5 LAKH
u/s 80CCD(1B)--50,000
total -------- 2lakh
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On 23 November 2017 at 20:07


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