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The benefit under Section 80C, Section 80CCC and Section 80CCD(1) is capped at ₹1,50,000 as per 80CCE. Additional investment of up to ₹50,000 under Section 80CCD(1B). This is over and above tax benefit under Section 80C; and is exclusive to NPS. [51] Employer co-contribution up to 10% of basic and DA under Section 80CCD(2) in the Old Tax ...
Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, Government of India. The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1]
Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. [2]
When looking to grow your money, you may come across two low-risk investment options that sound similar but work quite differently: money market accounts (MMAs) and money market funds (MMFs).
What this means for part-time workers. Part-time workers may have the opportunity to contribute to their company's 401(k), but there are a few factors to weigh before deciding whether this is the ...
President Donald Trump has issued a slew of executive orders (EO) since beginning his second term, including one that may have an impact on your tax refund.One of Trump’s EOs initiated a hiring ...
The section sign (§) is a typographical character for referencing individually numbered sections of a document; it is frequently used when citing sections of a legal code. [1] It is also known as the section symbol, section mark, double-s, or silcrow. [2] [3] In other languages it may be called the "paragraph symbol" (for example, German ...
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India.