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Already paid tax
Tax paid on due salary. The same is received in next assessment year. How the same is exempted from tax again.
Replies (15)
Salary is to be taxed on accrual or receipt basis whichever is earlier. So evn if it is accrued and received next year, it is taxable in year of accrual.
I have paid tax in the accrued year. But DDO is deducting tax again in receiving year. Under which section the same can be exempted
No need to bother, you can claim refund for the deducted amount by filing return.
income once taxed cannot be taxed again...
10 E भरना पड़ेगा या कुछ और?
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed
As 150000 /benefit u/s 80 C claimed
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
I have deposited Rs 150000/ in PPF and Rs 65000/ in NPS as compulsory deduction by government. Can I get benifit of Rs 65000/ upto 50000 under section 80CCD 1B of IT Act?
As 150000 /benefit u/s 80 C claimed.
As 150000 /benefit u/s 80 C claimed.
Yes, it can be claimed.
Individuals contributing to NPS would enjoy tax benefits on their contributions as under:
- Tax deduction up to 10% of Salary (Basic + DA) under Section 80 CCD(1) within the overall ceiling of 1.5 Lakh under Sec 80 CCE
- NPS also reduces your tax liability by an additional deduction of 50,000/- under section 80CCD (1B) p.a. (applicable from FY 2015-16 and onwards)
इस 65000 को 80CCD 1 में count करें या 80CCD 1B में
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