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You may save additional tax u/s 80CCD(1B) of the Income Tax Act by investing in NPS. #SaveTax #TaxPlanning #IncomeTax #NPS #Deduction #FinancialPlanning #WealthManagement #PankajMathpal | Pankaj Mathpal

You may save additional tax u/s 80CCD(1B) of the Income Tax Act …

181.2K viewsDec 13, 2021

FacebookPankaj Mathpal

NPS: How investment in National Pension System may reduce your income tax completely

NPS: How investment in National Pension System may reduce your …

NPS: How Rs 10,000 monthly contribution may get you Rs 1.53 lakh pension a month; know calculations

NPS: How Rs 10,000 monthly contribution may get you Rs 1.53 l…

Section 80CCD of the income tax act deals with deductions offered to individuals contributing to the NPS. As per Section 80CCD, until the year 2015, an individual was eligible to claim an income tax deduction of up to Rs. 1 lakh against contributions made to the NPS. In the budget for the year 2015, the government enhanced the maximum amount payable to the NPS to Rs. 1.50 lakh per annum. Additionally, a new sub-section 1B was also introduced, which offered an additional deduction of up to Rs. 50

Section 80CCD of the income tax act deals with deductions offered …

599 viewsFeb 16, 2023

FacebookStartRoot FinTech

Deductions and Exemptions allowed under New Tax Regime 🤔 🔵 Section 16(ia) : Standard Deductions Standard Deductions of Rs. 50,000 is allowed from Salary Income under New Tax Regime as well. 🔵 Section 80CCD(2) : Employer Contribution to NPS If your employer contribute under NPS, then deductions upto 10% of your Basic Salary (14% of Basic DA in case of Govt. Employees) shall be allowed under Section 80CCD(2) under the New Tax Regime. 🔵 Section 80JJAA : Deduction for Additional Employee Cost Th

Deductions and Exemptions allowed under New Tax Regime 🤔 🔵 …

3.9K views7 months ago

FacebookTax Effects

Most Important Tax Deductions for Salaried Person 🤯 🔵 Section 80C: Investments in Provident Funds such as EPF, PPF, etc., payments made towards life insurance premiums, Equity Linked Saving Schemes, payments made towards the principal sum of a home loan, SSY, NSC, SCSS, etc. 🔵 Section 80D: This is the deduction for Mediclaim or Medical Insurance. The limit for Section 80D is as follows: - If taken for Self and Family = Rs. 25,000 ; And - If taken for Parents also = Rs. 25,000 Therefore, total

Most Important Tax Deductions for Salaried Person 🤯 🔵 Section 80C: Inv…

553.8K views7 months ago

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Investment submission deadline: Here are the deductions which are allowed under New Tax Regime

Investment submission deadline: Here are the deductions which ar…

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HOW TO FILE ITR 2024 25 80CCD 2 RULE HOW TO CALCULATE TAX …

3.5K views10 months ago

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