INCOME TAX EXEMPTION FOR SALARIED CLASS IN NEW REGIME

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

Replies (2)
Quick Summary
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.

Employees contribution not eligible for deduction in New regime.

Only employers' contribution is allowed for deduction.

Let me marrate

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 September 2026
Work at home

Lottery.sambad.tv

Bhopal

Others

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details