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Former Member
Dec 11, 2015 at 11:35 AM

Clarification in FORM 16.

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Dear All,

We have implemented note 2168787 and post that limit of CENTRAL GOVERNMENT PENSION LIMIT has been extended to 2,00,000 in IT0585 (80CCD(1B)).

I maintained data IT0585 and IT0586 as per the attachment but in FORM 16, under 80CCD, system considers only Rs. 50,000. It should be Rs. 80,000/-

and Chapter VI amount should be 2,35,000 (not 2,05,000).

Please help me to understand that calculation.

Best Regards,

RG

Attachments

form 16.JPG (65.4 kB)
IT0585.JPG (30.1 kB)
IT0586.JPG (25.5 kB)