NPS schemes will attract tax benefits: As of today, a non-employee subscriber of the National Pension Scheme is allowed withdrawals that are absolutely tax-free, and the period has been extended further. Nonetheless, an employee’s contribution to the National pension Scheme is currently taxed, ...
In some companies there is also an option of Employer Contribution (up to 10% of your salary) towards NPS where your taxable income would be calculated after deduction of the employer contribution, this might aid in keeping you within specific tax slabs as your salary grows over time. Share ...
Employee’s contribution to NPSNoNo Employer’s contribution to NPSYesYes Medical insurance premium – 80DNoNo Disabled Individual – 80UNoNo Savings Bank Interest u/s 80TTA and 80TTBNoNo Interest on Electric vehicle loan – 80EEBNoNo Donation to Political party/trust etc. – 80GNoNo ...
No there is no fine or payment to be made for filing revised return. As you have already filed original return within due time, therefore no need to pay interest u/s 234A,but if any tax is due then you have to pay interest under section 234B, 234C. Please pay Self Assessment Tax ...