What is Section 80 CCD(1B) | Income Tax Deductions on National Pension Scheme (NPS)
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What is Section 80 CCD(1B) | Income Tax Deductions on National Pension Scheme (NPS)
To know more about Section 80 CCD(1B), click here - https://cleartax.in/s/section-80-ccd-1b If you plan your taxes carefully, you can save a significant amount towards your taxation liabilities and create an additional source of income for yourself. The government introduces new deductions or amendments from time to time. One such deduction is ...
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Gaurav Mahawar | Personal Finance |📍Mumbai on Instagram: "Summary Section 80C: • Max deduction Rs. 1,50,000 (shared with 80CCC & 80CCD(1)) • Includes LIC, PPF, EPF, tuition fees, fixed deposits, ELSS, NPS Section 80D: • Self/family: Rs. 25,000 (Rs. 50,000 for seniors) • Parents: Additional Rs. 25,000 (Rs. 50,000 for seniors) Section 80CCD: • 80CCD(1B): Extra Rs. 50,000 for NPS • 80CCD(2): Employer NPS contribution - 10% (non- govt employees), 14% (govt employees) Section 80E: • Education loan i
Gaurav Mahawar | Personal Finance |📍Mumbai on Instagram: "Summary Section 80C: • Max deduction Rs. 1,50,000 (shared with 80CCC & 80CCD(1)) • Includes LIC, PPF, EPF, tuition fees, fixed deposits, ELSS, NPS Section 80D: • Self/family: Rs. 25,000 (Rs. 50,000 for seniors) • Parents: Additional Rs. 25,000 (Rs. 50,000 for seniors) Section 80CCD: • 80CCD(1B): Extra Rs. 50,000 for NPS • 80CCD(2): Employer NPS contribution - 10% (non- govt employees), 14% (govt employees) Section 80E: • Education loan i
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