Income tax deduction

Share
Share This Thread
  1. Kabul das

    Kabul das New Member

    Sir
    I am working in bsnl.I have savings rs 1.5 lac under 80c for the financial year 15-16. On 30 th march 2016 I have opened tier 1 NPS scheme in NPS trust and deposited rs 50000/_ on 31/03/2016. My question is whether I shall get additional tax deduction of rs 50000/- in addition to 1.5 lac under 80 c.If yes,under which section this deduction will be consider ( 80 CCD(1 b). Pl clarify my doubt .
     
  2. Shyam kedia

    Shyam kedia New Member

    Dear sir, According to Income tax act maximum deduction under section 80C is only 150000 in any case.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Income Tax: Standard deduction: FY 2018-2019 Income Tax Feb 15, 2018
income tax deduction Income Tax Jan 4, 2018
Income Tax Deductions Income Tax Aug 17, 2017
Tax Exemption / Deduction from total Income - Medical Expences Income Tax Jul 27, 2017
Claification on Income tax deduction for Second Home Income Tax May 29, 2017