Mismatch in Deduction U/s 80CCD(1)
This query is : Resolved
Deepak Rawat
(Querist)
13 July 2022
Dear Expert,
Please guide on below mentioned issue:-
I am a private employee and I contributed Rs. 35000/- in NPS Tier-1 in FY 2021-22. In, my ITR, I am showing the same U/s 80CCD(1) to claim deduction. But in eligable amount it is showing only 31667/-.
May you please guide, where I am doing mistake ?
Thanks
Please guide on below mentioned issue:-
I am a private employee and I contributed Rs. 35000/- in NPS Tier-1 in FY 2021-22. In, my ITR, I am showing the same U/s 80CCD(1) to claim deduction. But in eligable amount it is showing only 31667/-.
May you please guide, where I am doing mistake ?
Thanks
CA Amit Kumar
(Expert)
13 July 2022
Hi Deepak,
What is your basic salary and DA or gross income? As deduction u/s 80ccd(1) is limited to 10% of gross income only.
What is your basic salary and DA or gross income? As deduction u/s 80ccd(1) is limited to 10% of gross income only.
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