Tax rebate for deposite in atal pension yojana in filling it

Hello,

I have deposited Rs.902/- P.M. in AYP during FY 16-17.

Now I am filling ITR 2 in which 1 availed dedduction u/s 80C rs.150000/-excluding amount of APY.

I want to know that can i avail deduction of APY Rs.10824/-in ITR 2 for AY-17-18, 

Is this U/S 80CCD(1B) ?

Pls. clear my doubt.

Regards,

 

 

Replies (2)

" Is this U/S 80CCD(1B) ? Pls. clear my doubt"

Correct...............

CBDT vide its Notification no. 7/2016 notified Atal Pension Yojna as pension scheme u/s 80CCD (1). Therefore deduction can be claimed u/s 80CCC or u/s 80CCD (1B) as the assessee may wish. Deduction u/s 80CCE is limited to Rs. 150000 whereas deduction u/s 80CCD (1B) is allowed in addition to Rs 150000. So in case of contribution to Atal Pension Yojna if the limit of Rs 150000 u/s 80CCE is exhausted then it can be well claimed u/s 80CCD (1B) additionally.

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