TaxTMI 
TaxTMI 
ADDITIONAL DEDUCTION OF RS.50,000 IN NPS
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....DDITIONAL DEDUCTION OF RS.50,000 IN NPS<br> Query (Issue) Started By: - abbas mukhi Dated:- 7-1-2016 Income Tax<br>Income Tax<br>DEAR EXPERTS, IN BUDGET 2015, ADDITIONAL DEDUCTION UPTO RS.50,000 WAS ....
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....ALLOWED AS DEDUCTION (SECTION 80 CCD (1B) AS PER SECTION 80CCD (1) EMPLOYEE IS ALLOWED TO GET DEDUCTION UPTO 10% OF HIS SALARY IN THE PREVIOUS YEAR SUBJECT TO LIMIT OF RS.1,00,000. MY QUERY :- WHET....
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....HER ADDITIONAL DEDUCTION UPTO RS.50,000 (AS PER SECTION 80CCD (1B) IS ALLOWED ONLY TO THOSE EMPLOYEE WHO INVESTED UPTO MAXIMUM LIMIT AS MENTIONED IN SECTION 80CCD(1) OR ADDITIONAL DEDUCTION OF RS50,00....
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....0 IS SEPARATE FROM DEDUCTION UNDER SECTION 80CCD (1) ?? IN OTHER WORDS, WHETHER IT IS POSSIBLE TO INVEST IN PPF RS.1,50,000 AND RS.50,000 IN NPS TIER 1 A/C (AS PER SECTION 80CCD (1B)<br> Discussion F....
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