Nps query

This query is : Open

Kishore kumar (Querist)
Follow

07 March 2016 Please clarify that:

1. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS, can he takes tax benefit of Rs.150000/- in U/S 80CCD (1) and balance Rs.30000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

2. If any employee has been contributed Rs.180000/- (10% of Salary) in NPS and Rs.32000/- in PPF or LIC, can he takes tax benefit of Rs.32000/- in U/S 80C, Rs.118000/- in U/S 80CCD (1) and Rs.50000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

3. If any employee has been contributed Rs.32000/- (10% of Salary) in NPS and Rs.156000/- in PPF or LIC, can he takes tax benefit of Rs.150000/- in U/S 80C and Rs.32000/- in U/S 80CCB (1B) of Income Tax Act, 1981.

Kishore kumar

Kishore kumar (Querist)
Follow

26 March 2016 Please clarify an urgent basis

Kishore kumar

Kishore kumar (Querist)
Follow

26 March 2016 please clarify an urgent basis

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jeegar Valera

Tia Blair

Sabareesan S Venkatesh

kambamcr@gmail.com

Nithish Kothari

Subscribe Now

Nps query

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

CA Final

Manager- Finance and Compliance

GST CONSULTANCY

Accountant