Learn Section 80CCD (1) rules for NPS deductions. Get tax benefits, 80CCD (1B) extra ₹50k, and regime-wise limits explained at ApkiReturn Section 80CCD (1B) provides an additional deduction of ₹50,000 for contributions made by the taxpayer to the National Pension System (NPS), over and above the deductions available under Section 80C and 80CCD (1). This deduction is not available under the new regime u/s 115BAC. Explore the Income-tax Act, 1961, with comprehensive sections and provisions for understanding tax regulations and compliance in India. However, if a person wishes to claim deduction in excess of Rs. 150,000, he/she can avail the deduction of Rs. 50,000 over and above the Rs. 150,000 aforesaid through investing in the notified pension schemes u/s 80CCD. The notified schemes are governed by the National pension system trust.
