Taxpayers governed by the provisions of the Indian Income Tax 1961 have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides taxpayer deductions against ...

As an NPS Subscriber, you may submit the transaction statement as an investment proof to your employer. The National Pension System (NPS) is a market-linked deferred pension scheme that comes with ...

How to claim deductions of more than Rs. 2 lakhs on NPS contributions? Under Section 80CCD of the Income Tax Act, an individual can claim deductions from taxable income for contributions made to the ...

Investing in NPS offers tax benefits under the old and new tax systems. In the new tax system, employees can claim deductions under Section 80CCD (2) for employer contributions. Under the old tax ...

We hope that prudence and not populist measures will guide the Finance Minister. Investments in mutual fund linked retirement plans should be considered for income tax deduction under section 80CCD of ...

Section 80C deduction allows for the reduction of taxable income for individuals and Hindu Undivided Families (HUFs). In total, the maximum deduction that can be claimed under Section 80C, 80CCC, and ...

National Pension System or NPS is designed to save towards post retirement years by making contribution during the work life. Income tax benefits are one of the key advantages of investing in NPS, ...

Section 80CCD provides tax benefits to individuals contributing towards the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). Representative image. Source: Pixabay Saving money while ...

The Finance Ministry introduced additional tax advantages under the New tax regime to attract more taxpayers. Under the Old Tax Regime, there were numerous tax deductions and exemptions offered under ...

The little known Section 80CCD(2) provides tax benefits over and above those offered by Sections 80C and 80CCF This means a person with an annual basic salary of 5 lakh (nearly 40,000 a month) can get ...