Please Help: INCOME TAX
Posted Date : 22-Feb-2018 , 08:01:51 pm | Posted By: Anirudh
Category :
Income Tax | Answers :
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WHETHER MANDATORY DEDUCTION OF NPS FROM GOVT EMPLOYEES ELGIBLE FOR DEDUCTION U/S 80CCD(1b) |
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Posted By : |
23-Feb-2018, 01:26:30 |
Yes you can claim deduction but it should be lower of amount so paid or deposited as does not exceed,—
(a) in the case of an employee, ten per cent of his salary in the previous year; and
(b) in any other case, 2[ten] per cent of his gross total income in the previous year
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