GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

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 Limit up to 20% of GTI in the case of any other individual [it was 10% upto AY 2017-18] Maximum limit of deduction is ₹ 1,50,000 (see Section 80CCE). SECTION 80CCD(1B) [Additional deduction] An employee or individual, shall be allowed a deduction in computation of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version