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Income tax : VPF, NPS, PPF, Interest on Home Loan

Abhishek (software professional) (27 Points)

20 September 2021  

Hello,

VPF : 2.5L

 NPS : 0.5L(80CCD)

 PPF : 1.5L (80C)

 Interest on Home Loan :2 L(24B)

Total : 6 Lakh . So total of 6Lakh can be tax exempted from the salary(if its e.g. 12Lakh)

Thanks!

 


 2 Replies

Abhishek (software professional) (27 Points)
Replied 20 September 2021

Correction : its 6.5Lakh. So total of 6.5Lakh can be tax exempted from salary?. Thanks!

J S BHAVSAR (CONSULTING) (1249 Points)
Replied 21 September 2021

Originally posted by : Abhishek
Correction : its 6.5Lakh. So total of 6.5Lakh can be tax exempted from salary?. Thanks!

Depends on whether one has to follow New income tax regime without deductions or Old Income tax regime where deductions are allowed.


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