Income Tax Deduction available under National Pension Scheme

This query is : Resolved

Prajakta Potdar (Querist)
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29 March 2023 Respected Sir / Madam

May I know maximum which amount of deductions are available under National Pension Scheme.

1) 80 CCD (1B) Maximum Rs. 50000=00 is allowed
2) u/s 80CCB also any deduction allowed other than 80 CCD (1B) ?

or including both total Rs.50000=00

Please guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 March 2023 Under NPS deduction available.

Tax deduction up to 10% of salary (Basic + DA) under section 80 CCD(1) within the overall ceiling of Rs. 1.50 lakh under Sec 80 CCE and 50,000 available under section 80CCD(1B).