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...
State Government employees will be eligible for deduction for the employer’s contribution to NPS up to 14% of salary, just like central government employees. e-Passports with embedded chips will be launched The budget also proposes amendments in relation to faceless assessment and litigation manageme...
Interest on Home Loan u/s 24b on self-occupied or vacant propertyNoNo Interest on Home Loan u/s 24b on let-out propertyYesYes 30% of additional employee cost (under Section 80JJAA)NoNo Employee’s contribution to NPSNoNo Employer’s contribution to NPSYesYes ...
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