A taxpayer opting for the new tax regime will have to forgo all the commonly available tax-breaks such as those available under sections 80C, 80D etc except for section 80CCD (2), i.e., employer’s contribution to NPS. Can I choose between new and old tax regime every year? Yes, you...
after years of debate, of aNational Policy Statement on Fresh Water. It’s a fairly lightweight NPS, but useful all the same. On release of the NPS, the government announced a welcome $15 million injection of funds over two years for cleaning up our worst waterways...
Under the Deductions section, you will see a note stating the maximum deduction as per old and new tax regime. Here, Enter Basic deduction as per Section 80C Contribution to NPS/ National Pension Scheme – if any, Medical Insurance premium – if applicable ...