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Section 80CCD

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Tax Saving through Educational Loan – Section 80E

Income Tax : This article delves into the provisions of Section 80E, highlighting its benefits and clarifying common queries related to educati...

January 18, 2024 1143 Views 2 comments Print

How to Save Tax on Income up to Rs. 10 Lakh per Annum

Income Tax : In this comprehensive guide, we will explore various techniques and tax-saving avenues that can help individuals optimize their ta...

May 29, 2023 7461 Views 0 comment Print

What are the deductions allowed under Chapter (VIA) of Income tax Act, 1961

Income Tax : Discover key deductions under Chapter VIA of the Income Tax Act, 1961, including Section 80C, 80D, and 80G. Learn how to optimize ...

April 19, 2023 11718 Views 1 comment Print

Overview of Section 80CCD of Income Tax Act 1961

Income Tax : Section 80CCD of the Income Tax Act, 1961 deals with the Deduction for Investment in Pension Fund. The main objective of this Sect...

February 8, 2023 5505 Views 0 comment Print

Save income tax on Salary Income

Income Tax : Maximize your income tax savings on salary! Learn how to pay zero taxes and claim a full refund of TDS deducted under Section 192....

January 22, 2023 6420 Views 1 comment Print


Latest News


Additional deduction of Rs. 50000 for NPS Investment

Income Tax : Through the Finance Act, 2015, a separate section 80CCD(1B) has been inserted in the Income Tax Act, 1961 , wherein a subscriber u...

December 5, 2016 3355 Views 0 comment Print

How to Open NPS Account Online and Tax Benefits

Income Tax : Guidelines for Online Registration NPS Trust welcomes you to ‘eNPS’ ,which will facilitate:- ➤  Opening of Individ...

December 22, 2015 26976 Views 23 comments Print


Latest Notifications


CBDT notifies Atal Pension Yojana u/s 80CCD

Income Tax : Central Government hereby notifies the ‘Atal Pension Yojana (APY)’ as published in the Gazette of India, Extraordinary, Part I...

February 19, 2016 13893 Views 0 comment Print


Taxation of NPS & Return From the Scheme

March 18, 2020 88884 Views 10 comments Print

NPS is entitled to get additional tax benefit up to Rs.50,000 in a financial year u/s 80CCD (IB) of Income Tax Act which is over and above the deduction of Rs. 1,50,000 available u/s 80C /80CCE of Income Tax Act. Earlier the tax-free withdrawal on retirement were allowed up to 40% of corpus, which has been increased to 60%. 

National Pension Scheme in India

March 12, 2020 23401 Views 7 comments Print

National Pension System (NPS) is a pension cum investment scheme launched by Government of India to provide old age security to Citizens of India. It brings an attractive long term saving avenue to effectively plan your retirement through safe and regulated market-based return.

All you want to know about Pension & Its Taxability

March 3, 2020 348467 Views 52 comments Print

Article explains Who is eligible for pension/ family pension, What is the tax treatment for family pension received by the legal heirs of a deceased employee, Document to be filled for family pension in case of death, Documents to be filled when the name of the claimant member is not available in the records, What […]

Contribution By Employer Exceeding Rs.7.5 Lakhs Is Now Taxable

February 3, 2020 23922 Views 3 comments Print

In this Article, we will discuss about change in Section 17 of Income Tax act related to provident and superannuation fund received by  salaried employees . Employer Contribution in all  3 specified fund including interest earned on same amount ,during Previous Financial Year,  will be taxable in hands of employees  if it is exceeding Rs 7,50,000.

Pension to Salaried – Tax provisions

January 24, 2020 22575 Views 2 comments Print

To discuss the tax treatment of the pension received, comprehensively, the employees have been divided in two types, government and non-government. Even the pension received can be of two types, commuted and uncommuted.

It’s Not Too Late To Save tax!

January 22, 2020 8418 Views 2 comments Print

The deadline for making tax saving investments is 31 March. But, there is still time to adopt last minute tax saving tips to claims tax benefits offered by the Government. This article discusses some tax investment avenues which can be utilized before 31 March to lower one’s overall tax liability.

Be a Tax Saving Ninja by Equipping Yourself with Right Knowledge

January 7, 2020 5505 Views 1 comment Print

Taxes are an integral part of our economy. They are unavoidable for all individuals who fall in the tax bracket. However, the Income Tax Act offers various exemptions and benefits, which if used smartly can help you save a large portion of your income. However, what you need most for saving tax the right way […]

Contributions to National Pension System (NPS) u/s 80CCD(1B)

December 31, 2019 65247 Views 11 comments Print

As the Financial Year 2017-18 is nearing completion, individual tax payers are having hardly one month time to save tax. For individual assessees whose Rs.1.5 lakh savings limit as available u/s 80C, 80CCC and 80CCD(1) are exhausted the only option left is contribution to NPS.

Deduction under section 80CCD of Income Tax Act

September 16, 2019 21231 Views 1 comment Print

The present article highlights provisions of section 80CCD of the Income Tax Act, which provides a deduction of the amount paid or deposited towards the notified pension scheme. Deduction under section 80CCD is divided into three parts which are defined as under – 1. Section 80CCD (1) – Employee’s contribution to the notified pension scheme 2. Section […]

Section 80CCD Deduction to National Pension System subscribers

July 7, 2019 1806 Views 0 comment Print

(i) Under the existing provisions of section 10 of the Act, any payment from the NPS Trust to an assessee on closure of his account or on his opting out of the pension scheme, to the extent it does not exceed forty per cent of the total amount payable to him at the time of […]