Feb 25, 2022
Section 80CCD : National Pension Scheme
Section 80CCD(1B) specifically deals with contributions made by an individual (employee or self employed) to pension schemes as notified by the central government. This section provides additional deduction of Rs 50,000 over and above 80C limit of Rs 1.5 lakh. Which mean an individual can claim total deduction of Rs 2 lakh by making investments in 80C and contribution for national pension scheme u/s 80CCD(1
https://thefundadvisor.com/tag/80ccd2-clarification-by-income-tax-department/