23 October 2024 I have read that maximum 14% of salary (Basic+DA) is allowed as deduction u/s 80CCD(2). But is there a maximum amount of limit of the said deduction ? If my salary is 15.00 …

Feb 17, 2025 · Proposed deduction shall be allowed u/s 80CCD(1B). Overall cap of Rs. 50,000 under the said sub-section (cumulatively for self and such minor child (up to 2 children) shall …

Jul 10, 2022 · If 80C deductions upto Rs.1,50,000/- has been exhausted under PPF investment. Can a govt. salaried employee (i.e. NPS subscriber whose contributions in NPS tier 1 account …

Aug 26, 2021 · 2) EMPLOYEE'S contribution can be split into 2 components: deduction of 10% of salary up to a max of Rs.1.5 lacs (within the overall limit of 80C) u/s 80CCD(1) and deduction …

Jul 4, 2024 · Employer shown a deduction of Rs. 71130 u/s 80CCD(2) in Form 16 part B (TRACES) and deducted the TDS accordingly. Now when I am going to file the return AY 2024 …

Mar 27, 2021 · This subsection of Section 80CCD(1) was introduced in the Union Budget of 2015 as sub-section 1B. This scheme is for the additional deduction over and above the deduction …

Apr 12, 2021 · Note: Section 80CCB (2) amount shall not be considered while calculating the overall of Rs.1,50,000 limit as mentioned in the Section 80CCE. Conclusion. An Individual can …

Jun 1, 2020 · As I was going through other documents on NPS, came across 80CCD(2) which helps to save tax beyond 1.5lks + 50k. I checked with my companies finance team and asked …

Jun 27, 2024 · Section 80CCD(2) Salaried individuals can enjoy the benefit of their employer contributing to their pension schemes, such as the NPS. Section 80CCD(2) of the Income Tax …

Jul 8, 2024 · Ǫ.2: Schedule VIA for claiming deductions is not enabled while filing the ITR for AY 2024-25? Ans: From AY 2024–25, the new tax regime has become the default tax regime, and …