Deduction of a contribution up to10% of the total salary of salaried employees or
20% of the gross income of non-salaried to the government-notified pension schemes.
It is important to remember that the complete deduction under Section 80C, Section 80CCC and Section 80CCD (1) cannot exceed INR 1.5 lakh in aggregate.
The additional tax deduction amounting to INR 50,000 under the Section 80CCD (1B) is above this limit.
RAHUL AGARWAL A California-based travel writer, lover of food, oceans, and nature.
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