Section 16 Deduction - Search Videos

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2.6K views | R-122: Deductions available under Section 16 of the...

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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

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