Section 80CCD of Income Tax Act

GPTKB entity

Predicate	Object
gptkbp:instanceOf	section of Indian Income Tax Act
gptkbp:additionalDeductionUnder80CCD(1B)	up to Rs. 50,000
gptkbp:administeredBy	gptkb:Central_Board_of_Direct_Taxes_(CBDT)
gptkbp:amendedBy	gptkb:Finance_Act,_2015 gptkb:Finance_Act,_2016
gptkbp:appliesTo	individual assessee
gptkbp:compatibleWith	Hindu Undivided Family (HUF)
gptkbp:covers	contributions to Atal Pension Yojana contributions to National Pension System
gptkbp:deductionNotAllowedOn	amount received as commuted pension amount received as pension
gptkbp:employerContributionDeductionUnder80CCD(2)	up to 10% of salary
https://www.w3.org/2000/01/rdf-schema#label	Section 80CCD of Income Tax Act
gptkbp:introducedIn	gptkb:Finance_Act,_2005
gptkbp:maximumDeductionUnder80CCD(1)	10% of salary (for employees) 20% of gross total income (for self-employed)
gptkbp:partOf	gptkb:Income_Tax_Act,_1961
gptkbp:purpose	encourage retirement savings
gptkbp:readBy	gptkb:Section_80CCC Section 80C
gptkbp:relatedTo	deduction for contribution to pension scheme
gptkbp:section	Section 80CCD(1B) Section 80CCD(1) Section 80CCD(2)
gptkbp:startDate	assessment year 2006-07
gptkbp:taxableOnWithdrawal	partial withdrawal taxable except as per rules
gptkbp:bfsParent	gptkb:Atal_Pension_Yojana
gptkbp:bfsLayer	7