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Mohsin Razaq

80CCD(1) - Employee contribution towards NPS...
If one has already used the 150000 limit under PPF category can the contribution by employee be entered under 80CCD(1B) instead of 80CCD(1) and claim additional tax relief to the tune of Rs 5000 on 50000 amount claimed under NPS contribution of employee.
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Amlan Dutta
yes, as per my interpretation , one surely can use 80 CCD(1B) for ones own contribution( employee contribution)...it is totally to the choice of the individual whether to use 80 C or 80 CCD(1B)
  • August 17, 2018
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PARTHA SARATHI MAJEE
Yes absolutely right one of my friend already got the refund by claiming in same circuimstance
  • August 17, 2018
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RAJU KUMAR PRASAD

Employee contribution towards NPS...
Sir mai railway ka employee hu aur mera NPS Tier-I basic ka 10% deduct ho jata h, mai us amount ko 80CCD(1) or 80CCD(1)(B) me dikhau?????? Pls help
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Amlan Dutta
If it is your own contribution , i.e employee contribution , you have choice to show it between 80 CCD(1) or 80 CCD(1B) ...note that is covered within 80 C limit whereas 80 CCD(1B) is in addition to 80C limited to lesser of 50000 or 10% of salary
  • August 15, 2018
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Pankaj lande

80CCD(1) - Employee contribution towards NPS...
sir thanx for ur reply i have one doubt that i have created my nps account after april 2018..till then i was having no pran no. ..so when i checked my nps acc statement it showed 0 contributions upto march 18 and all the contribution i have made from march 17 to april 18 was shown for the month of ...
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Amlan Dutta
It all depends on assessing officer whether he is willing to consider .....Typically NPS account should show contribution during the year and not after year ends in order to be eligible for the benefit..if i were the assessing officer , i would not consider the contribution
  • July 23, 2018
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Pankaj lande

80CCD(1) - Employee contribution towards NPS...
Sir i am a salaried employee working from last year..my nps account was created after march 2018. My form 16 for this year doesnt show any nps contribution made by me from july 2017 to march 2018 nor my nps acc statement taken from nsdl website. Still can i claim the deductions under 80 ccd in my it...
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AYUSH
Yes you can claim deduction of 80ccd for 1 apr 2017 to 31 march 2018 deposits. In your return No issues prevails of non disclosure in form 16
  • July 14, 2018
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Amlan Dutta
Form 16 not showing is okay ...it reflects that you have not declared there ...but why is the NPS account statement not reflecting your contribution ... you will need these to justify claiming of NPS benefit under 80 CCD(1B) ...i hope you have invested in tier 2 ( which is by default the NPS invest...
  • July 14, 2018
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FATEH CHAND CHOUHAN

80CCD(1) - Employee contribution towards NPS...
मेरी 2018-19 AY की Gross salary 866437 है
NPS कटौती कुल 94730 है
System calculated में 80CCD(1)&(2) में 86644 ही आ रही है।
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AYUSH
Hello fateh Employee’s contribution – Section 80CCD (1) is allowed to an individual who makes deposits to his/her pension account. Maximum deduction allowed is 10% of salary (in case the taxpayer is an employee) or 20% of gross total income (in case the taxpayer being self-employed) or Rs 1, 50,000,...
  • July 13, 2018
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Amlan Dutta
Yes, true for salaried employees, under 80 CCD(1) maximum deduction allowed is:
up to 10% of salary for salaried employee

But 80 CCD(1B) provides additional deduction of Rs. 50,000 for contribution made by an assessee under NPS. Put balance there .....

Note: The maximum deduction as an aggregate of sec...
  • July 13, 2018
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Devendra Kumar Chauhan

Employee contribution towards NPS...
Sir, I am govt employee. My NPS contribution is Rs 33150/- & my employer contribution is Rs 33150/-. Kindly let me know where this amounts can be shown in the tax return.
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Amlan Dutta
I assume that you are speaking of deduction benefit. Employee contribution can be shown under 80 CCD(1) or 80 CCD(1B). Note that the contribution in 80 CCD(1) along with 80 C can't exceed 1.5 lakhs whereas 80 CCD(1B) enjoys a separate 50,000 over and above 80C ( in your case the figure is 33,150 Rs)...
  • June 13, 2018
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Bhavesh Gohil

Employee contribution towards NPS...
State Government Employee Deducted Amount Deposit in NPS A/c.

Deducted Amount to be shown under which section - 80C Or 80CCD (1) Or 80CCD (2)

Thanks & Advance
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Amlan Dutta
Here , in the cited case , it is Employee contribution towards NPS .....
( So , forget section 80 CCD(2) because that is for employer contribution towards NPS.....
Also 80 C per se is not for NPS investments so that goes as well.....


The employee contributions towards NPS is covered under 80CCD(1) or...
Here , in the cited case , it is  Employee contribution towards NPS .....<br />( So , forget section 80 CCD(2) because that is for employer contribution towards NPS.....<br />Also 80 C per se is not for NPS investments so that goes as well..... <br /><br /><br />The employee contributions towards NPS is covered under 80CCD(1) or 80CCD(1B) and he has a choice as to which section to use to show his contribution towards NPS<br /><br />Ideally, employee shows investment in NPS u/s 80CCD(1B)(subject to NPS contribution restricted to 10 % OF BASIC + DA and not exceeding 50,000) . .... If he has invested anything more within prescribed limits i.e 60,000 Rs , then he shall show 50,000 in 80 CCD(1B) and 10,000 in <br />80 CCD(1)<br />The section 80CCD(1) along with Section 80C has investment limit eligible for tax deduction as Rs 1.5 lakhs... (This is as laid out in 80 CCE) <br /><br /><br />Please see the attached picture for knowing where the person will put his NPS investments <br /><br />Note :- <br /><br />Section 80 CCD(1) - Employee contribution towards NPS. (Applies to the present case)<br />Employee contribution upto 10 % of basic + da upto 1.5 lakhs eligible for tax deduction ..s.elf employed can also claim this benefit (To be continued )<br /><br />Section 80 CCD (1B)- Employee contribution towards NPS. (Applies to the present case)<br />Additional exemption upto 50,000 in NPS is eligible for income tax deduction from FY 2015 16 (as introduced in budget) ..It is irrespective of type of employment ...so anybody -Govt , private employed, self employed or ordinary citizen can also claim benefit of 50,000 under section 80 CCD(1B) <br /><br />Section 80 CCD(2) Employer contribution towards NPS (not applicable to this case )<br />Employers contribution upto 10 % of basic plus DA is eligible for deduction . Employers deduction is a additional deduction as it is not part of 1.5 lakh allowed under section 80 C <br />It is also beneficial for employer as it can claim tax benefit for it's contribution by showing it as business expense in the Profit and loss account)
  • June 4, 2018
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