What is the deduction limit of state goverment teacher for 80ccd(2). (10% or 14%) FY: 21-22.
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Quick Summary
This discussion clarifies the NPS deduction limit for state government teachers under section 80CCD(2) for the financial year 2021-22. It addresses whether the deduction is 10% or 14% of basic + dearness allowance. The query also touches upon a specific case of a railway employee's NPS contribution and its validity.