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Additional deduction under section 80CCD(1B)
what is qualification for additional deduction under section 80CCD(1B) in income tax act?
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Quick Summary
Qualification for additional deduction.
Eligibility criteria is : Pension scheme notified by Central Government
Section 80CCD(1B) specifically deals with contributions made by an individual (employee or self-employed) to pension schemes as notified by the central government. This section provides an additional deduction of Rs 50,000 over and above the 80C limit of Rs 1.5 lakh
Section 80CCD(1B) specifically deals with contributions made by an individual (employee or self-employed) to pension schemes as notified by the central government. This section provides an additional deduction of Rs 50,000 over and above the 80C limit of Rs 1.5 lakh
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