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).