Additional deduction of Rs. 50000 under NPS

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  1. Danish Bhardwaj

    Danish Bhardwaj New Member

    I am working for Central Bank of India. My employer deducts and contribute approx. Rs. 60000/- p.a. from my Salary (10% of basic+DA) and also makes matching contribution towards NPS. I want to ask whether I can claim Rs. 50000/- deduction of my own contribution under section 80 CCD (1b) and seprate deduction of Rs. 1.5 lakh by investing in other eligible securities, thus claiming total deduction of Rs. 2.00 lakh.

    Or I ll need to make seprate contri of Rs. 50000/-apart from deduction from salary
     
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