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WebOct 19, 2024 · Search Accounting. New employee at a small company, overpaid tax in last job, p45 shows they will be due a large rebate on first pay at new company. Company … WebMar 24, 2024 · Deductions available for investments made in NPS There are three sections under the Income-tax Act that allows individuals to claim deductions for the money invested in NPS: (i) Section 80CCD (1): This deduction comes under the overall umbrella of section 80C with a maximum investment limit of Rs 1.5 lakh in a financial year. Maximum … indiana cutting board