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
Anil Verma
(Expert)
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.
KAVIRAJA ADDANGADI
(Expert)
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
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