Tax Consultant
348 Points
Joined July 2016
As per sec 80 CCD contribution to notified pension scheme of Central government by
Sec 80 CCD (1) A central goverment employee (appointed after 1.1.2004)/ An employee of any other employer/any other individual assessee------------ [ self contribution up to 10% of{salary/ Gross total income(individual assessee)}]
Sec 80 CCD(1B)- Additional deduction of self contribution up to Rs. 50000(provided the deduction u/s 80CCD(1) has not been claimed on the same aamount)
Sec 80 CCD (2)- Contributionn by employer up to 10% of salary
For FY 2015-16 (assessment year 2016-17)
Total Deduction under Section 80C, 80CCC, 80CCD(1) should not exceed Rs 150000.