Section 80C & 80CCD : Total Deduction Allowed : Rs 2 Lakh

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  1. David C Paul

    David C Paul New Member

    If I invest Rs.1,50,000 under Section 80C like PPF and Rs.50,000 under 80CCD to NPS as per new budget proposal, whether will I be eligible for total deduction of Rs.2,00,000 from total income for calculating income tax
     
    Kishor Chavan likes this.
  2. Neha Sharma

    Neha Sharma Active Member

    Yes, you would be eligible for a deduction of Rs. 2,00,000 in this case.
     
  3. Guha Rajan

    Guha Rajan New Member

    Have a query.

    On above line, I would like to know whether

    Employer -80ccd(2) contribution in NPS (on behalf of employee) has additional deduction for the said amount contributed?. And is this over and above 2 lacs INR deduction ( 1.5 Lacs INR under 80c +plus the INR 50,000 under 80ccd -1b)?
     
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