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Others 150 views 6 replies
contribution of ₹1200pm to atal pension yojna...attracts which section of Income tax act 1961?
and deduction amount?
Replies (6)
You can claim Under sec 80CCD...
n deduction amount
Rs. 50k.




You can get the tax benefit for investment under Atal Pension Yojana.
But it is not under 80C but 80CCD.
This is the same section under which the tax benefit is available for NPS.
Current lmit for 80CCD tax exemption is Rs 50 thousand, which is over and above the 1.5 lakh 80C limit.
The withdrawals will be in the form of pension and will be taxed as income as per the applicable slab. Atal Pension Yojana is mainly focused on the unorganised sector workers.
thankyou so much sir
You are most welcome Dear.
that means under sec 80CCD(1B) ie over and above the limit of 80CCE


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