As per Section 80CCD(1B), individuals who are employees or self-employed can claim an additional deduction of ₹50,000 when they contribute to the NPS or the Atal Pension Yojana.



This is over and above the deductions of ₹1.5lakhs available u/s 80C of Income Tax Act 1961.


Adding deductions u/s 80CCD(1B),

Claim your ₹ 50000 deductions on your contribution to NPS and Atal Pension Yojana using the steps below,

  1. Navigate to Save > Begin/Edit > Deductions > Add/Proceed.
  2. Select Section 80CCD(1B) and click on Proceed.
  3. Add the additional investment made in NPS other than 80CCD(1)
  4. Once you have added the investment amount correctly, click on Save.

Want to see the deductions that you just added? Go to the summary view under, Tax Situation > Deductions.