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80ccd

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25 December 2011 what is u/s 80ccd. Is applicable. How much excemption limit.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
25 December 2011 Section 80CCD deals with deduction in respect of contribution made to pension scheme of central govt.

1.Max Deduction in case of an employee is restricted to 10% of his salary.
2. In case of other individuals 10% of his gross total income.
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
25 December 2011 Agree with Paras sir but want to clear one point that Maximum deduction of 10% is on previous year Salary/Gross total Income.

Am i right Sir?

Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
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