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80 ccd(1b)
Can Individual deposit Rs.50000/- in NPS by SINGLE INSTALLMENT for availing benefit of sec-80ccd(1b) ?
Replies (3)
yes you can deposit in SINGLE INSTALLMENT for availing benefit of sec-80ccd(1b)
What is the Tax treatment of maturity value of NPS at the time of retirement of employee?
at the time of retirement 40% amount will be exempted us 10(12A)..hence 60% will be taxed
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