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80 ccd(1b) additional rebate
can GPF account holder avail the facility of NPS individual account for tax rebate U/s 80ccd(1b).
Replies (1)
YES. By additional investment under Tier I account of NPS....
Deduction of Rs 50,000/- under 80CCD (1B) is exclusively for investments in NPS and cannot be availed against any other investment. NPS is a voluntary pension scheme regulated by Pension Fund Regulatory and Development Authority (PFRDA).
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