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Suraksha Finance

Exemption under Section 80CCD (1)

22-04-2022 10:57:22

This section deals with the deduction applicable if the assessee or the employee is contributing towards a pension scheme notified by the Central Government. The applicable limits of deduction are as follows –

1.10% of salary in the previous year in the case of an employee
2.10% of gross total income in any other case