Tax Exemption under Section 80C and Section 80CCD

Is it possible to invest in NPS (80CCD) and a annuity plan, say LIC(80C) at the same time for tax exemption purpose please clarify?

Jul 29, 2015 by Arun Kumar, Baroda  |   Taxation

Yes, you can invest in both for tax exemptions at the same time.

Please note that the aggregate amount of deduction under sections 80C, 80CCC shall not exceed Rs. 1,50,000/- in a financial year. Moreover, you can avail additional deduction of Rs. 50,000 for NPS (Section 80CCD)

View All Queries
Search
You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY
Nippon India Nifty Realty Index Fund NFO 300x250

Recent Queries

See MoreMore

Fund News

See MoreMore

Tools and Calculators

UTI Nifty Alpha Low Volatility 30 Index Fund NFO 300x600
Feedback
Notification