Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?
With effect from FY:2015-16, for investment in NPS, taxpayers can avail additional exemption of up to Rs. 50,000 as per Section 80CCD(1B) while computing the taxable income. This deduction is over and above the deduction up to Rs. 1,50,000 allowed for the sum total of deductions u/s 80C, 80CCC & 80CCD(1) and as placed in…