401k Maximum Contribution 2024 Plus Catch Up Provision. The taxpayers under old tax regime get an additional set of tax deductions under section 80ccd(1) on own nps contribution of up to 10 percent of salary (subject. A maximum of 10% of salary is allowed as deduction from the gross taxable income under this section.

A maximum of 10% of salary is allowed as deduction from the gross taxable income under this section. However, do note that if an employer’s contribution to nps,.