01 August 2020
Dear sir, Mr.x age is Senior citizen and he want to contribute to NPS to claim additional deduction u/s 80ccd(1b). If contributed additional deduction Rs 50000 is available or not.
02 August 2020
Amount contributed to pension scheme or 10% of salary/gross total income*, whichever is less (subject to ceiling limit of Rs. 1,50,000 as provided under Section 80CCE) shall be allowed as deduction under section 80CCD(1).
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