New tax regime exemption and deduction for government employees NPS Tier1
This query is : Resolved
21 February 2025
Please share how much New tax regime exemption and deduction for government employees NPS Tier1 available
i .e. 80ccd(1b)
80 ccd(2)
i .e. 80ccd(1b)
80 ccd(2)
22 February 2025
A maximum deduction of 14% of their salary (basic + DA) contributed by the Central Government or State Government towards NPS under sec. 80CCD(2).
Section 80CCD (1B) this deduction is only available under the old regime.
Section 80CCD (1B) this deduction is only available under the old regime.
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