This link says following:
Under Section 80CCD (1b): In budget 2016, the government had introduced additional tax benefit for investment up to Rs 50,000 in NPS. If the taxpayer contributes more than Rs 1.5 lakh to the NPS in a year, the amount in excess of Rs 1.5 lakh can be claimed as a deduction under the new Section 80CCD(1b).
Does this means that to save full 50000 from tax, I have to invest 200000 all in NPS, that is, meet full 150000 limit of 80C only through NPS and then only excess 50000 will be considered under 80CCD(1b)? Or can I can meet 150000 limit of 80C by some other means like NSC, ELSS etc. and additional 50000 invested in NPS will be considered 80CCD(1b)?
