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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 ...
Henderson is currently being held in Washington County Jail under no bond, awaiting a court appearance later this month. Darrell told WPXI she hopes he stays there, saying, “I don’t believe he ...
The proposed rule is required under a law passed by Congress last year, and is intended to ensure the safety of makeup and baby powder. FDA wants new testing to detect asbestos in products with ...
Ohio State is now down two offensive linemen for the rest of the 2024 season. According to multiple reports, star center Seth McLaughlin suffered a torn Achilles during practice on Tuesday ...
The PPF pays two levels of compensation which are set out in legislation:[6] • If members are over the normal pension age of the scheme, or are in receipt of a spouses, dependants or ill health pension they will receive 100 per cent of the pension in payment when the company entered insolvency. • If a member is an early retiree or under the ...
Many parents are threatening no gifts from Santa Claus as a way to get their children to behave this holiday season. An expert explains why consistency is key if they want that method to work.