Income tax under section 80 CCD 1B

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  1. Vidya Sagar Prasad

    Vidya Sagar Prasad New Member

    Dear Sir,
    I am a government servant having NPS account with contribution of 40000. My other ppf and insurance sums 150000. Weather I will be able to get exemption of 150000 under 80C, 40000 under 80 CCD 1B, and 40000 under 80 CCD 2 for the FY 2015-2016
  2. Karan Batra

    Karan Batra Well-Known Member

    The max total deduction allowed under all these Sections is Rs. 2,00,000

    And therefore you would be allowed a deduction of Rs. 2,00,000 only
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