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Annual contributions qualify for tax deduction under Section 80C of income tax as per the old Tax regime. The tax benefit is capped at ₹1.5 lacs per financial year. PPF falls under the EEE (Exempt, Exempt, Exempt) tax basket. Contribution to the PPF account is eligible for tax benefit under Section 80C of the Income Tax Act in the old Tax ...
The holder gets the tax benefit under Section 80C of Income Tax Act, 1961. [ 1 ] [ 2 ] Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [ 3 ] The certificates were heavily promoted by the Indian government in the 1950s after India's ...
The benefit under Section 80C, Section 80CCC and Section 80CCD(1) is capped at ₹1,50,000 as per 80CCE. Additional investment of up to ₹50,000 under Section 80CCD(1B). This is over and above tax benefit under Section 80C; and is exclusive to NPS. [51] Employer co-contribution up to 10% of basic and DA under Section 80CCD(2) in the Old Tax ...
Acting quickly within your grace period can help you avoid missed opportunities. Here's happens when a CD matures — and your 3 main options.
The NFL playoffs are nearly in sight and the heat is on for some teams still in the fight to make the postseason.. Week 15 saw the number of teams that have qualified for the playoffs increase to ...
A woman has been sexually assaulted and six people have been pushed from their bikes by a group of people believed to have been travelling on a moped or motorbike.
At the time of launch, only the deposits in the account were eligible for tax deduction under Section 80C of the Income Tax Act, which is ₹150,000 in 2015-16. However, Finance Minister Arun Jaitley announced, during the 2015 Union Budget , tax exemption on the interest from the account and on withdrawal from the fund after maturity, making ...
Costco has issued a recall for a cold and flu medication, sold at its stores at the end of 2024, over concerns of contamination.. The retail giant, in an advisory issued on Jan. 2, said Kirkland ...