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Deduction u/s 80CCD - Deduction in respect of contribution to pension (NPS)

Income Tax - Exemptions and Deductions - 08 - SECTION 80CCD(1) Contribution by an employee or any other individual towards NPS is deductible in the year in which contribution is made. Limit up to 10% of the salary of the employee or up to 10% of GTI in the case of any other individual For the AY 2015-16, amount cannot exceed 1,00,000, however this ceiling limit of 1,00,000 has been removed from AY 2016-17 SECTION 80CCD(2) Contribution by an employer towards NPS is deductible in the hands of the .....

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