Exemption under Section 80CCD (2):
23-04-2022 10:38:36
This section deals with the deduction applicable if the employer of the assessee or the employee is contributing towards a pension scheme notified by the Central Government. The applicable limit of deduction is 10% of salary in the financial year in the case of an employee.
It is worthwhile to note that this deduction is over and above the INR 150000 limit that includes deductions through Section 80C, 80CCC and 80CCD (1) (as per rules under Section 80CCE)
