Web11 apr. 2024 · Salaried individual taxpayers with total income of upto Rs. 7,50,000 may opt for the new tax regime u/s 115BAC of the IT Act and claim the benefit of ... Employee’s contribution to NPS up ... Web3 jul. 2024 · Tax-saving investment date for FY2024-20 extended up to July 31, 2024.Contribution towards NPS tier 1 account allows you to claim an exclusive deduction of ₹50,000 under Section 80CCD (1B)
NPS contribution: Rules under the new tax regime explained
Web16 feb. 2024 · Under the new tax regime, there are seven tax slabs. The employee is allowed a deduction under the National Pension Scheme (NPS) for the 14% of the … Web1 feb. 2024 · “This will provide major relief to all tax payers in the new regime. An individual with an annual income of Rs 9 lakh will be required to pay only Rs 45,000. This is only 5 per cent of his or... forge brothers engineering
You can still get tax benefit on NPS contribution under new tax regime ...
Web4 uur geleden · The rebate is hiked to Rs 7 lakh from Rs 5 lakh under the new tax regime. Thus, individuals having an income up to Rs 7 lakh and opting for the new tax regime … Web26 jun. 2024 · Is NPS deduction allowed under New Tax Regime: In the new tax regime, taxpayers will have to forgo most of the income tax exemptions and deductions to avail … Web11 uur geleden · Taxpayers will get a standard deduction of Rs 50,000 from their total gross salary income. In addition, family pensioners opting for the new tax regime can claim a … forgebrune wow