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Is Atal Pension Yojana tax exempted?

By IndianMoney , 4 weeks ago

The contributions you make under the Atal Pension Yojana are eligible for the deductions under section 80CCD of the Income Tax Act, 1961. The maximum deduction allowed is 10% of the gross total income subject to a maximum deduction of Rs. 1,50,000 per annum. Also, An additional contribution of Rs. 50,000 per annum is eligible for an additional deduction of Rs. 50,000 p.a. under section 80CCD(1B).

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