Abhishek (software professional) (39 Points)
20 September 2021Hello,
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!
Abhishek
(software professional)
(39 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)
(1315 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.
CAclubindia
