clarification about NPS 80CCD benefits

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  1. ashit singh

    ashit singh New Member

    Dear Sir,
    My office has EPF system. I am able to avail tax benefit of EPF under 150000/- per annum limit of IT section 80C . Now that additional benefit of 50K under 80CCD been introduced. Want to check if I can deposit 50K and take 80CCD benefit. or it it the case that my office tells me - you have to deposit 200000/- in NPS to take benefit of 50K under 80CCD.
    I get confusing viewpoints on this. Please help clarify.

    +91 96206 77727
  2. Rs.50000/- saving can be made in N.P.S.Maximum Rs.15000/-(@30% of Rs.50000/-).can be reduced as income-tax.
  3. jai kishan agrawal

    jai kishan agrawal New Member

    sir, I have invested Rs 50000 in ppf,Rs 50000 in tax saver fds , Rs 30000 in lip and Rs 40000 in nps through my employer (10% of basic +da). May I claim tax rebate of Rs 170000(150000+20000).
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