The contribution made by the employer to the NPS scheme would be allowed for deductions under thesection 80 CCD (2).The amount that can be claimed for the deductions will be up to10% of the salary of the individual. The amount invested in the national pension scheme is given back to the...
Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components, ex HRA, are calculated based on this amount. It usually depends on one’s grade within the company’s salary structure. It is afixedpart of one’s compensati...
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