on 06-04-2015 12:05 PM
Dear Friends ,
Based on the Union Budget changes , I understand for an individual tax payer there is an additional 50,000 under 80CC . Is there any note released by SAP for this ?
If there is no note and it has to be through 587 , please explain the steps of how this calculation gets affected.,
regards
Sandhya
Hi Sandhya,
SAP has released a Note for the Introduction of NPS amount which will be getting exempted above 1,50,000 and it comes under Sec 80CCD(1B).
SAP Note: 2168787 - Additional Deduction Under Section 80CCD(1B).
Hope this will help you.
Thanks & Regards
Saroj Hial
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Hi Sandhya,
This note is in Pilot release and it is under testing by Pilot customer, which is the reason I have told you this note will be released shortly in my previous reply. Kindly wait this note will be released for all the customer shortly, then you will able to find this note and apply it.
With Regards,
S.Karthik
Hi Sandhya,
You need to do through IT 587 for NPS. For additional 50,000 over to 1,50,000, SAP will be releasing the note shortly, you can apply and get the changes.
With regards,
S.Karthik
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