Job Notifications
While communicating copy of the reference 1st cited all the DDs of the DTS in the state are hereby informed that, the Income Tax Officer (H.Qrs) (Tech) O/o Pr.CCIT, AP and Telangana, Hyderabad have clarified that if the individual having savings of Rs 1,50,000 under 80C, excluding CPS deduction, the incumbent can avail RS. 50,000/- which is deducted towards CPS (NPS)under 80CCD(1B).
It was also clarified therein that the incumbent can split the CPS(NPS) amount in 80CCD(1) and 80CCD(1B) if the employee have less than Rs.1,50,000/-savings in 80C and exceeds RS. 50,000/- towards CPS(NPS).
They are therefore requested to follow the above instructions for strict compliance.
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