80ccd 1b
Ashok Toor (1 Points)
05 November 2018
can we claim the 10% amt contributed through salary to NPS up to 50000 under this section
Piyush Tanwar
(Assistant Manager - Accounts)
(1432 Points)
Replied 05 November 2018
@ AshokToor
Section 80CCD (1b) allows an additional dedution of upto Rs. 50000/- for the deposit made by tax payer into their NPS Account.
As per Section 80CCD (1) allows deduction of 10% in case of an employee (Salaried Person) or 150000/- whichever is less.
Thanks & Regards
Piyush Tanwar
Semi Qualified CA
9717468521
raja sekar
(1435 Points)
Replied 05 November 2018
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 05 November 2018
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