Friends, The employees who are appointed after 01.01.2006 are falling under NPS Scheme. The special deduction has been provided for them under section 80CCD. There are three type of deductions under 80CCD.
1. 80CCD (1) for employee contribution
2. 80CCD (2) for employer contribution
3. 80CCD (Ib) for getting Extra Benefit in Income Tax.
Above deductions are detailed given below for easy use of stake holder :-