Deduction us 80 ccd 1 (b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2018
If any state govt employee contribute 30000 to NPS than deduction is eligible for 30,000 or 50,000
23 February 2018
The section says that an additional deduction u/s 80CCD (1B) is allowed up to Rs 50,000 for the amount deposited by a taxpayer to their NPS account. Contributions to Atal Pension Yojana are also eligible.
So 30k deposit means 30k allowed.
So 30k deposit means 30k allowed.
23 February 2018
If you contribute Rs.30000/- for pEnsion Fund , you are eligible upt to COntribution to Pension Fund Maximum Ceiling Rs.50000/- can be claimed under 80ccd
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Applicability of GST on deduction for cancellation of Pension policy
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
