Experts are divided over how taxpayers can claim the additional tax deduction for NPS contributions announced in last year’s Budget. Some tax experts claim that employees covered by NPS can claim deduction for their mandatory contributions under the new Sec 80CCD(1b). “An employee’s mandatory contribution to NPS is eligible for deduction under Section 80CCD (1b),” says Archit Gupta, Founder and CEO, ClearTax.in.
This means taxpayers covered by NPS will not have to make additional inv ..
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