Employer pays 7 8,00,000 as salary to the employee and also contributes 7 1,10,000 to National Pension Scheme (NPS) for the benefit of employee. The employee himself makes a contribution of 7 80,000 towards NPS. The employee’s contribution to PPF and NSC are 7 90,000 & 7 40,000. The amount deduction available to the employee will be:
A. 7 80,000 u/s 80CCD(2)
B. 7 50,000 u/s 80CCD(1B)
C. 7 1,50,000 u/ss 80C, 80CCD
D. All of the above
Answer:D
Employer pays 7 8,00,000 as salary to the employee and also contributes 7 1,10,000 to National Pension Scheme (NPS) for the benefit of employee. The employee himself makes a contribution of 7 80,000 towards NPS. The employee’s contribution to PPF and NSC are 7 90,000 & 7 40,000. The amount deduction available to the employee will be:
A. 7 80,000 u/s 80CCD(2) B. 7 50,000 u/s 80CCD(1B) C. 7 1,50,000 u/ss 80C, 80CCD D. All of the above