I need a little clarification in section 80CCD(NPS) under IT Act.We know that any contribution made under section 80CCD(1) is the contribution made by employee & thus comes under section 80C & hence, the maximum tax exemption availed is Rs. 1 lakh .(Would like to be corrected in case i am wrong).
However,if any payment is made by employer to NPS, then in comes under section 80CCD(2).My question is-
a) How much is the maximum permissible amount that can be contributed under 80CCD (not considering the tax emeption limit).
b) What is the tax exemption limit under 80CCD(2) ?
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