TMI BlogADDITIONAL DEDUCTION OF RS.50,000 IN NPSX X X X Extracts X X X X X X X X Extracts X X X X ..... DEAR EXPERTS, IN BUDGET 2015, ADDITIONAL DEDUCTION UPTO RS.50,000 WAS ALLOWED AS DEDUCTION ( SECTION 80 CCD (1B) AS PER SECTION 80CCD (1) EMPLOYEE IS ALLOWED TO GET DEDUCTION UPTO 10% OF HIS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SALARY IN THE PREVIOUS YEAR SUBJECT TO LIMIT OF RS.1,00,000. MY QUERY :- WHETHER ADDITIONAL DEDUCTION UPTO RS.50,000 (AS PER SECTION 80CCD (1B) IS ALLOWED ONLY TO THOSE EMPLOYEE WHO INVESTED U ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PTO MAXIMUM LIMIT AS MENTIONED IN SECTION 80CCD(1) OR ADDITIONAL DEDUCTION OF RS50,000 IS SEPARATE FROM DEDUCTION UNDER SECTION 80CCD (1) ?? IN OTHER WORDS, WHETHER IT IS POSSIBLE TO INVES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T IN PPF RS.1,50,000 AND RS.50,000 IN NPS TIER 1 A/C (AS PER SECTION 80CCD (1B) - ADDITIONAL DEDUCTION OF RS.50,000 IN NPS - Query Started By: - abbas mukhi Dated:- 7-1-2016 Income Tax - Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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