NPS post budget

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  1. MADHURA BANERJEE

    MADHURA BANERJEE New Member

    Dear Friend,

    I would like to know the total tax benefit under NPS...post budget 2015. Is it the total of the following 3:
    1) Section 80 C = Rs 1.5 lakh
    2) Section 80 CCD (1) = Rs 50,000/-
    3) Section 80 CCD (2) = (10% of basic + DA) subject to a ceiling of Rs 1 lakh
    Kindly clarify.
    Also, what is the difference between Section 80 CCD (1) and Section 80CCD (2)?
    Can anyome please elaborate?
    Thanks.
    Regards,
    Madhura Banerjee
     
  2. Amit Sahni

    Amit Sahni Active Member

    80CCD(1) is for contribution by Individual and 80CCD(2) is fod contribution by the employer
     
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