The key tax provisions around claiming deduction under Sections 80C, 80CCC, 80CCD, 80CCF and 80CCG are discussed below, for taxpayer’s ready reference: The maximum tax deduction u/s 80C is capped at ...

Budget 2021: India’s economy will more than offset the deep contraction suffered in the current fiscal in FY22, with the GDP, in absolute term, crossing the level witnessed in FY20, the secretary said ...

If you are over 50 years old and have still not planned your retirement, the Budget may prove to be in your favour. The government is examining the proposal of coming out with differential tax benefit ...

Understanding the nuances of tax deductions can be a daunting task for many. But many taxpayers in India make a popular choice—the tax deduction they avail is the 80C deduction. This section of the ...

Tax Saving Section 80C Taxpayers can save up to Rs 1.5 lakh tax on their income (salary) under the old tax regime. If you ...

Effectively an employee can claim deduction upto Rs. 7.50 lakhs for employer’s contribution to his NPS account in a year. How is employer's contribution to NPS treated in income tax calculation of ...

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 ...