What are the Income Tax Deductions under Section 80 CCD1B

Section 80 CCD 1B gives an additional deduction of ₹ 50,000 over and above the ₹1,50,000 deduction permitted under Section 80C.The Income Tax Act allows you a variety of deductions that can assist you lessen your income tax. There are a number of approved investments and expenses that you can deduct from your taxable income.