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    5. The contributions of additional amount of Rs.50,000 towards NPS is allowed deduction under which sec

    Question

    The contributions of additional amount of Rs.50,000

    towards NPS is allowed deduction under which section of the Income Tax Act? 
    A 80C Correct Answer Incorrect Answer
    B 80CCD Correct Answer Incorrect Answer
    C 80D Correct Answer Incorrect Answer
    D 80DDE Correct Answer Incorrect Answer
    E 80G Correct Answer Incorrect Answer

    Solution

    The tax benefit for contributions made under NPS are Rs.1.5 lakh u/s 80C + additional self-contribution of up to Rs.50000 under section 80CCD (1B).

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