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In 2021, withdrawal rules at the time of maturity was changed, and a person can withdraw entire NPS corpus lump sum if it is Rs 5 lakh or less, but 40% will be taxable. [16] [17] Contributions to NPS receive tax exemptions under Section 80C, Section 80CCC, and Section 80CCD(1) of the Income Tax Act. Starting from 2016, an additional tax benefit ...
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 New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2 ] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3 ] and Government is considering to make it more attractive ...
People didn't just fill their plates this Thanksgiving weekend -- data shows they also filled their online shopping carts. Black Friday online shopping this year set a new high, reaching $10.8 ...
A new president, a strong economy and tons of innovation: How those and other forces might change economic, tax and financial situations in 2025.
YouTube is updating its policy on firearm videos in an effort to keep underage users from accessing potentially dangerous content, including videos showing homemade guns. YouTube is implementing ...
In December 2020, alumni at Boston College filed a complaint with Massachusetts AG Maura Healey, asserting that Boston College's refusal to divest from fossil fuels violated the college's duties under UPMIFA. In March 2021, students, faculty, and alumni at Harvard University filed a similar complaint, arguing that investment in the industry ...
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective homebuyers during what's typically a less competitive time of the year for the ...