You can claim an extra deduction of up to Rs 50,000 on your contributions to National Pension Scheme (NPS) under Section 80CCD(1B)
I have invested ₹1.5 lakh to claim a deduction under Section 80C. I have not included my NPS contributions in this. I contribute ₹47,000 every year in NPS. Can I claim ₹50,000 under Section 80CCD(1B). I am a government employee.
- Anil Kumar
Yes, you can claim an extra deduction of up to ₹50,000 on your contributions to National Pension Scheme (NPS) under Section 80CCD(1B).
This article was originally published on January 18, 2016.
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