Deductions Under Section 80CCD(1B) of Income Tax
Deductions Under Section 80CCD(1B) of Income Tax
9 months ago
cleartax.in
Section 80CCD of Income Tax Act (NPS)| Deduction under section 80CCD(2)| Section 80CCD(1)| 80CCD(1B)
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Section 80CCD(2) – Save Tax Without Spending! "Under Section 80CCD(2) of the Income Tax Act, employer contributions to NPS are exempt from taxable income. Private employees can claim up to 10% of Basic DA, and govt employees up to 14%. Applicable only on employer's share, not employee's. #taxsaving #section80ccd2 #npsbenefits #incometax #salaryplanning #taxexemption #financialplanning #bizfoc #employercontribution #taxhack | BizFoc
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Section 80CCD : Deduction for Contribution to Pension Fund - Learn by Quicko
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