Is deduction of 20% of Gross Total Income under NPS available for Proprietors with no cap limit under 80CCD(2) like 10% in salary with no capping. Eg. If A Proprietor has 30 lakhs Gross Income and he contrubutes 6 lakhs to NpS is it tax deductible?
Is deduction of 20% of Gross Total Income under NPS available for Proprietors with no cap limit under 80CCD(2) like 10% in salary with no capping. Eg. If A Proprietor has 30 lakhs Gross Income and he contrubutes 6 lakhs to NpS is it tax deductible?