INCOME TAX EXEMPTION FOR SALARIED CLASS IN NEW REGIME

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134 Points Posted on 12 June 2023

sir

pl let me know whether employee voluntary contribution to NPS in tier i is exempt frpm tax for the f.y 2022 23 in new regime and same for next year fy 2023 24 in new regine also.thank you

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On 12 June 2023 at 17:55 Report
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This discussion clarifies the tax exemption for voluntary employee contributions to NPS Tier 1 within the new tax regime. For FY 2022-23 and FY 2023-24, employee contributions to NPS Tier 1 are not eligible for tax deduction under the new regime. Only the employer's contribution to NPS is allowed for deduction.

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SEO Sai Gr. Hosp.
212455 Points Posted on 12 June 2023

Employees contribution not eligible for deduction in New regime.

Only employers' contribution is allowed for deduction.

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On 12 June 2023 at 21:06
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Profession Business
28246 Points Posted on 13 June 2023
Let me marrate
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On 13 June 2023 at 11:26

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