⚡ Month End Offer is live - Get Flat 55% Off on All Courses • Grab it Now! Click Here 00:00:00 AM ⚡

    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).

    Practice Next
    More Banking System in India Questions
    ask-question