Widely read:
Can I claim a tax deduction on my National Pension Scheme (NPS) contribution under Section 80CCD(2)?
- Lalit Saini
You got the section wrong. Your contribution to National Pension Scheme (NPS) is covered under Section 80CCD(1). Your employer's contribution is covered under Section 80CCD(2). The extra deduction on NPS is covered under Section 80CCD(1B). You can claim a total deduction of ₹1.5 lakh under Section 80C, Section 80CCC, Section 80CCD(1) and ₹50,000 under Section 80CCD (1B). In short, you can claim a total deduction of ₹2 lakh under Section 80C and Section 80CCD.
This article was originally published on January 28, 2016.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
