Taxation · Deductions under Chapter VI-A
What is the quantum of additional deduction limit available exclusively under Section 80CCD(1B) of the Income Tax Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 120% of Gross Total Income by Self-Employed Individual
- 210% of Salary Contribution by Employee
- 3Rs. 50,000 Contribution by Individual Assessee✓
- 410% of Salary Contribution by Employer
Correct answer
Rs. 50,000 Contribution by Individual Assessee
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