INCOME TAX SAVINGS PLAN FOR NEW REGIME FY 2025-26 (MAN/WOMAN)
This query is : Resolved
Quick Summary
30 April 2025
Dear IT Experts
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc
Thanks in advance.
mohanraj_vkj@yahoo.co.in
I need your guidance for IT Savings Investment Plan Under New Regime for the FY 2025-26 for Man/Woman.
Eg: NPS, Makhila FD etc
Thanks in advance.
mohanraj_vkj@yahoo.co.in
30 April 2025
Retirement Benefits: Gratuity & Leave Encashment : Retirement benefits such as gratuity and leave encashment received at the time of retirement remain non-taxable under the new tax regime. This ensures financial security for retirees and prevents additional tax burdens on their accumulated savings.
Employer Contributions to NPS & PF : Contributions made by an employer towards the National Pension System (NPS) and Employees’ Provident Fund (PF) continue to exempt from taxation. This exemption encourages long-term savings and provides financial stability for employees post-retirement.
Income from Agnipath Scheme (Section 80CCH) : The Agnipath Scheme, introduced to recruit individuals into the Indian Armed Forces, continues to enjoy tax benefits under Section 80CCH. The financial assistance or earnings under this scheme remain tax-exempt, ensuring additional relief for beneficiaries.
All other plans are mostly taxable unless exempt u/s. 10 IT act.
Employer Contributions to NPS & PF : Contributions made by an employer towards the National Pension System (NPS) and Employees’ Provident Fund (PF) continue to exempt from taxation. This exemption encourages long-term savings and provides financial stability for employees post-retirement.
Income from Agnipath Scheme (Section 80CCH) : The Agnipath Scheme, introduced to recruit individuals into the Indian Armed Forces, continues to enjoy tax benefits under Section 80CCH. The financial assistance or earnings under this scheme remain tax-exempt, ensuring additional relief for beneficiaries.
All other plans are mostly taxable unless exempt u/s. 10 IT act.
Message likes :
1 times
03 May 2025
Dear Sir, thanks a lot
Message likes :
1 times
03 May 2025
You are welcome.
28 September 2025
Good luck.....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Salary from Qatar in Dollars in India
- GST ISSUE OF INPUT AND OUTPUT GST
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
