Tag: section 80ccd 1b

What are the Income Tax Deductions under Section 80 CCD(1B)?

Section 80 CCD (1B) gives an additional deduction of ₹ 50,000 over and above the ₹1,50,000 deduction permitted under Section 80C. The Income Tax Act allows you a variety of deductions that can assist you lessen your income. There are a number of approved investments and expenses that you can deduct from your taxable income. […]

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