Limit of Deduction Sec. 80CCD (1A)


Limit of Deduction Sec. 80CCD (1A)

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Income Tax
Limit of deduction of the contribution by an employee under section 80CCD restricted to `1 lakh [Section 80CCD (1A)]

Limit of deduction of the contribution by an employee under section 80CCD restricted to `1 lakh [Section 80CCD (1A)] [W.e.f. A.Y. 2015-16]

 

The Finance (No. 2) Act, 2014 has inserted section 80CCD(1A) to provide that the amount of

deduction under section 80CCD(1) shall not exceed `1 lakh.

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