Can someone who wants to newly enroll into NPS, enroll into both 80ccd(1b) for extra 50k deduction and 80 ccd(2), where employer deduct some% of basic salary and put into NPS?
Any reference would be helpful.

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You have to declare that in your flexible benefit plans. Talk to a spoc in your org and take help how to do that. In cognizant, we have option to declare that in Mypay.

You pay for the contribution, print the receipt, add it to the tax deduction proofs submission in 80ccd1b category. Thats it.

create nps account
invest your share of 50k

share your pran with employer, share proportion of investments
they will shift CRA if required(Nsdl to kfintech in my case)
employer will start contribution by deducting 10% of basic every month from your salary

company did

You cannot claim both , either 80ccd(1b) or 80 ccd(2) . So declare 80 ccd(2) which will be more than 50k annual

Thanks a lot for sharing as I have joined CTS recently. Since we both are from CTS community, I have few doubts for you as below:

1. Do I need to create NPS corporate account and add it in FBP section of MyPay for availing 80 ccd (2) benefit ?
2. In case NPS account is 'individual' and added in FBP section of MyPay will it come under basic 80c tax exemption limit of 1.5 lac ?
3. I'm considering taking below for reducing income tax :

80c of 1.5 lac amt.
NPS 80 ccd(1b) of 50k amt.
NPS 80ccd(2) of 10% basic salary amt.
HRA exemption (40% of basic salary - non metro)
LTA exemption if any
FBP section claiming mobile, fuel, other expenses amounting to 10k per month.

I don't have house loan, education loan at the moment. Do share if I'm missing out on claiming any other exemption/deduction and also suggest on which credit card & food card to take for claiming mobile, fuel, food, car expense.

We can claim both.1.5 lakh under 80ccd
And upto 50 k in 80ccd1b

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