Did our AI summary help? Paying taxes is an unavoidable part of adult life. Anyone earning beyond the prescribed income limit, whether through salaried employment, self-employment, or running a ...

How to claim deductions of more than Rs. 2 lakhs on NPS contributions? Under Section 80CCD of the Income Tax Act, an individual can claim deductions from taxable income for contributions made to the ...

The government intends to entice people to switch to the new tax regime, which has lower tax rates but far fewer exemptions or deductions. Currently, contributions of up to Rs 50,000 to the National ...