Will my investments in NPS qualify for tax rebate under Section 80CCD

Your investment in NPS will qualify for tax rebate under section 80CCD (1B) upto an amount of Rs. 50,000. This rebate of Rs. 50,000 under section 80CCD is over and above the limit of Rs. 150,000 for Section 80C.

To claim the above rebate you need to provide the details while filing your tax returns.

Therefore, now the total deduction that can be claimed by an individual is Rs. 200,000 - Rs. 150,000 under Section 80C and Rs. 50,000 under Section 80CCD.

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