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 ...

The government intends to entice people to switch to the new tax regime, which has lower tax rates but far fewer exemptions or deductions. Currently, contributions of up to Rs 50,000 to the National ...

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 ...

Finance Minister Nirmala Sitharaman in her budget 2025 speech announced that NPS Vatsalaya subscribers will now receive the ...

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 ...

While many are familiar with common tax-saving avenues such as Section 80C investments like PPF, ELSS, HRA, or home loan interest, there exist lesser-known strategies that can significantly benefit ...

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 ...

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 ...

Many investors opt for National Pension Scheme, or National Pension System (NPS) to create retirement corpus. The government scheme that help you create huge funds in the long run can also help you ...