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?
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)
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