80CCD(1B) of income tax

Yes you can get exemption under 80ccd(1b) , maximum amount allowed will be 50000 only .

Hi

Yes, you claim the exemption under 80CCD (1B) for NPS investment even if investment in NPS is only 60k.

Hi,

-It would be 1.5 lacs plus 50 i.e. 2 lacs.

Thanks

Dear Sir,

An employee can claim overall deduction of Rs. 2,00,000/- (i.e. Rs. 1,50,000/- u/s 80 C/80CCC/80CCD(1) and Rs. 50,000/- u/s 80 80CCD(1B))

Hi,

Yes, you can claim the additional exemption. it should be 1.5lacs + 50K.

You can claim an overall deduction of INR 2 lakhs (1.5 lakhs + 50k)

Sir according to my understanding of section 80CCD(1B) it says whether or not any deduction is allowed under section 80CCD(1) you will get a deduction of 50000 under 80CCD(1B).

therefore according to me your total deductions would be 150000 + 50000 = 200000

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

You can invest 1.5 lacs in any 80C schemes and invest 50K in NPS to get tax benefit under 80CCD(1B).

You can invest 1.5 lacs in any 80C schemes and invest 50K in NPS to get tax benefit under 80CCD(1B).

No, you don't need to invest 2 lacs in nps. Even if you invest 60k in nps, you can claim deduction u/s 80CCD(1B).

Yes, you can invest 1.5 lacs in any 80C schemes and invest 50K in NPS to get tax benefit under 80CCD(1B).

You can invest 50000 in NPS and directly claim it under 80CCD(1B) because section says irrespective of above section which means 80CCD(1) and (1B) are independent.

Therefore you can pay 50000 and take deduction no need to pay 200000.

Hope you find it helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi,

- Invest 1.5 lacs in 80C and 50 k in 80CCD (1B). No need to invest 2lacs in 80CCD(1B).

Thanks

Hi

Yes, you can invest 1.5 lacs in any 80C schemes and invest 50K in NPS to get tax benefit under 80CCD(1B).

Hope it clarifies.

You can Invest 1.5 lacs in 80C and 50 k in 80CCD (1B).

You need not invest 2lacs in 80CCD(1B).

Regards

Nikhil

Hi,

You can claim maximum Rs. 1.5 Lac u/s 80C & Rs. 0.5 Lac u/s 80CCD(1b) so in total Rs. 2 Lac.

So for whatever amount your investment is you will get maximum deductions as per above only...

In NPS if you invest any amount you will get only Rs. 50,000 deduction. So if you invest Rs.50,000 you will get 100% deduction of Rs.50,000 u/s 80CCD(1B).

YOU NEED TO INVEST 1.5 L IN 80C SCHEMES AND .5 L IN NPS.

There is no limit on investing in NPS to claim exemption u/s 80CCD(1B). If you are investing 60000, then you can include u/s 80C till the limit i.e 150000 gets exhausted. Over and above this you claim u/s 80CCD(1B) up to 50000.

No u need not to invest 2lacs ,u have to invest only 50 k to claim exemption under 80ccd(1b)

That is,you have to invest 1.5 lacs for 80c and 50k in Nps.