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What Are The Income Tax Deductions Under Section 80 CCD1B

Jan 2nd, 2023 at 14:28   Services   Mumbai   173 views Reference: 4536

Location: Mumbai

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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 tax. There are a number of approved investments and expenses that you can deduct from your taxable income.