Model Calculation for Income Tax Dept Clarification for CPS Employees on 80CCD(IB)

CPS Employees can avail exemption
(1)amount deducted in their salary towards CPS up to 50000/- additionally if their deductions under 80c exeeds 1.5Lakh
(2)if their deduction under 80c more than 1.5 lakhs including CPS amont, they can split the CPS amont into 80C and 80CCD(1B) and get additional benifit
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