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View Full Version : Income Tax-Additional Relief on National Pension System-Section 80(CCD(1B)



ksaikannan
12-03-2016, 12:34 PM
Two things needs clarification:
1) If a Govt. Servant whose is NPS subscriber and recovery is being made through salary under Section 80 CCD(1) to the tune of Rs. 1,75,000/-. The amount will be restricted to Rs. 1,50,000/- under Section 80(CCE). Whether the balance contribution of Rs. 25,000/- under NPS can be shown as deduction under 80(CCD(1B)

2) If a Govt. Servant whose is NPS subscriber and recovery is being made through salary under Section 80 CCD(1) to the tune of Rs. 1,25,000/-. and other savings under Section 80(C) - Rs. 50,000/-. The amount will be restricted to Rs. 1,50,000/- under Section 80(CCE). Whether the balance contribution of Rs. 25,000/- under NPS can be shown as deduction under 80(CCD(1B)