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Saurabh pahuja

80CCD(1B) - Employee contribution NPS....
Sir.

I am a govt offcial.
I want some clarification on section 80ccd (1) (b) of income tax act.

I wish to know:

1. I have invested Rs. 1.20 lakhs approx under section 80c and have also invested Rs. 63518 in NPS. Can I claim tax rebate of my deposited amount in NPS under Sec. 80 ccd (1) (b). If yes...
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Amlan Dutta
Yes, you can and by simply putting it under section 80 CCD(1B) ...put 50,000 here since you cannot put more than 50,000 here and balance 13518 i.e 63518 - 50000 =13518 can be used in 80 C ...since you already have 1.4 lakhs credit in 80 C so , you can use 10,000 from excess investment in NPS in 80 C...
  • July 26, 2018
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Hemen

80CCD(1B) - Employee contribution NPS....
Dear Amlan
As you can see in my form 16, my employer shows the employee contribution towards NPS u/s 80 CCD (1). Hence, I am not getting the full benefit of deduction. After watching your recent video and reading your answers related to NPS in makeknowledgfree platform, I came to know that we could ...
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Amlan Dutta
You may surely claim employee contribution NPS benefit under 80 CCD(1B)...I beleive that you had not made it clear during savings declaration to consider your contribution towards 80 CCD(1B) and hence by default employer has considered for 80 C deduction ...You can at time of return filing , as you ...
  • July 11, 2018
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Vai

80CCD(1B) - Employee contribution NPS....
Hi Amlan, I have watched your Youtube video on NPS contribution. I have a question on it. I am not working since last 2 years. Still I had invested 50000 Rs in my NPS Account (Tier-1) on my own. Can I claim tax benefit for this against 80 CCD(1B) while filing ITR, even though I am not employee any m...
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Amlan Dutta
NPS deduction benefit under 80CCD(1B) is irrespective of the type of employment. So, a government employee, a private sector employee, self employed or an ordinary citizen can claim benefit of Rs 50,000 under Section 80CCD(1B). So, in your case, you surely can( You may consider a second opinion)...

B...
  • July 5, 2018
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Amlan Dutta
Also, next time, please be careful to select question category properly to avoid your entry getting deleted from my website
I will also not be answering any further questions which are without proper category selections
  • July 8, 2018
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sunil kumar garg

80CCD(1B) - Employee contribution NPS....
i am govt servant
in my form 16 my total deduction amount including nps 192235.
i forgot to fill tution fees detail rs 22500. i have receipt of tution fees also.
but i thought in 80c rule only 150000 deduction require. my nps deduction is rs 94000
and in form 16 my income tax calculation according to ...
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Amlan Dutta
1. can i add tution fees in 80c deduction Yes, you can claim as per section 80 C eligibility for tution fees
2. can i use my nps deduction in seprate benifit of 80ccd(1b) ...
  • June 24, 2018
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KARMVEER SINGH

80CCD(1B) - Employee contribution NPS....
What to do when my employer didn't show deduction u/s 80ccd(1b) and he show entire amount u/s 80cccd. And I have already made investment of Rs 150,000 u/s 80c excluding Nps(my contribution).Can I claim deduction u/s 80ccd(1b). In future after return filing I can also receive notice u/s 143(1a) for m...
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  and  like this.
Amlan Dutta
You surely can claim NPS investment under 80 CCD (1B)...actually this is a perfect case where you must. Well , you may get a communication for proposal of adjustment but you can always reply and defend your position which will be accepted since you are claiming in accordance with provisions of the a...
  • June 11, 2018
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