Answer

1. F

   Facts

   Yes, under the old regime. Your own NPS contribution up to ₹50,000 is deductible under Sec 80CCD(1B), over and above the ₹1,50,000 80C limit.

2. P

   Provisions and law

   • Sec 80CCD(1B), Income-tax Act 1961Additional deduction up to ₹50,000 for the employee's own NPS contribution (2025 Act mapping confidence low, number to be confirmed).
   • Sec 80C, Income-tax Act 1961 (now Sec 123)Deduction up to ₹1,50,000 for specified payments such as EPF, PPF, ELSS, life insurance, tuition fees and home loan principal, together with 80CCC and 80CCD(1).
3. A

   Analysis

   At a 30% slab, ₹50,000 saves ₹15,600 including cess. The money is locked in till retirement with partial withdrawal rules, so weigh the lock-in. Use the NPS transaction statement for proof.

4. C

   Conclusion

   1. 1Contribute to your NPS Tier I account.
   2. 2Download the contribution statement.
   3. 3Claim up to ₹50,000 under 80CCD(1B).
   4. 4Choose the old regime in the ITR.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.