Investment in Atal Pension Yojana eligible for Deduction U/s. 80CCD

There is good news for taxpayers!!!

Department of revenue has declared that investment made in Atal Pension Yojana is eligible for getting deduction U/s. 80CCD. The notification was published on 19th February, 2016 by the Government.

Quick link for notification – http://www.incometaxindia.gov.in/communications/notification/notification72016.pdf

 

Earlier investment in pension schemes of Central Government like National Pension Scheme was eligible for deduction u/s. 80CCD. However, from 19th February, 2016 onwards, taxpayers who invest their funds in Atal Pension Yojana (APY) can also claim the benefit of section 80CCD of Income Tax Act. Additional deduction of Rs. 50,000/- can also be claimed U/s. 80CCD(1B).

 

Click here to know about “Atal Pension Yojana”.

 

Click here to know more about National Pension Scheme.

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Investment in Atal Pension Yojana eligible for Deduction U/s. 80CCD
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Department of revenue has declared that investment made in Atal Pension Yojana is eligible for getting deduction U/s. 80CCD. The notification was published on 19th February, 2016 by the Government.
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