Home > Money > Question

Hi Guest
Sign In | Create an account

Nikunj

Nikunj Saraf |205 Answers |Ask -Follow

Mutual Funds Expert - Answered on Mar 01, 2023

Question by Deepak on Feb 28, 2023

Money

Sir, In New Tax Regime deduction of NPS limited to Rs. 50000 under section 80CCD (1B) is allowed or not ?

Ans: Hello Deepak, please consult your Chartered Accountant for the same.

You may like to see similar questions and answers below

Anil

Anil Rego |305 Answers |Ask -Follow

Financial Planner - Answered on Feb 09, 2023

Pratik

Question by Pratik - Feb 02, 2023

Hello Contribution to NPS by Assesses (Section 80CCD (1B) is applicable in new tax regime for exemption.

Ans: Contribution by Assesse - Section 80CCD (1B) is not allowed in the new regime.

(more)

Mihir

Mihir Tanna |329 Answers |Ask -Follow

Tax Expert - Answered on Feb 05, 2023

Naresh

Question by Naresh - Feb 02, 2023

post budget, Is deduction under section 80CCD(2)-employer contribution under NPS admissible under new tax regime? Should employer contribution be treated as Income?

Ans: Deduction of NPS u/s 80CCD(2) will continue to available under new tax regime even after proposal of Budget 2023. Further, employer contribution is part of salary and deduction is available in 80CCD

(more)

Mahesh

Mahesh Padmanabhan |75 Answers |Ask -Follow

Tax Expert - Answered on Feb 01, 2023

Raghunath

Question by Raghunath - Feb 01, 2023

Money

Under the new tax regime, will we be able to claim deduction under section 80 CCD(2), that is, employer’s contribution to NPS? Or will that be taxable under new scheme?

Ans: Hi Raghunath
The deduction under section 80CCD(2) would be available under the new tax regime

(more)

Anil

Anil Rego |305 Answers |Ask -Follow

Financial Planner - Answered on Feb 09, 2023

Asked by Anonymous - Feb 07, 2023

Money

Under new tax regime, NPS contribution u/s 80 CCD2 is eligible for deduction. Please clarify.

Ans: Yes, Section 80 CCD(2) is available as a deduction.

(more)

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN