ADDTIONAL RS 50000 SAVINGS TO CPS EMPLOYEES IT DEPT CLARIFICATION

ADDTIONAL RS 50000 SAVINGS TO CPS EMPLOYEES IT DEPT CLARIFICATION
As per above act if  the savings u/s 80C is 150000 or above then    CPS amount is to be taken u/s 80CCD (1B) up to Rs.50000/-  additional to  the u/s 80C
if the savings below  Rs.150000/- u/s 80C then CPS amount  split and taken from that how much amount is less to 150000/  to be  considered u/s  80CCD(1),the remaining amount of CPS goes u/s 80CCD(1B) up to 50000/-

3 comments:

  1. In A.P. Any STO or DTO not accepting this amount.

    ReplyDelete
  2. Sir,
    PRC arrears 10% is credited to the CPS account

    how can we show in CPS deduction. please conform it
    thanking you sir,

    ReplyDelete

inspiration videos to teachers