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Category Archives for "Income Tax Deductions"

National Pension Scheme Contribution Section 80CCD

Section 80CCD:Benefits Of National Pension Scheme Contribution Section 80CCD deals with those emoyees or taxpayers who are subscribers in NPS(New Pension Scheme). 80CCD section is splitted into three sections: Section 80CCD(1),80CCD(2) And  80CCD(1b). Section 80CCD(1):  All the employees who had joined service on or after 1st april 2004 come strictly under NPS in general and […]

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Income Tax Rebate US 87A

Section 87A Tax Rebate for FY 2017-18 & AY 2018-19 Income Tax Rebate US 87A is provided by IT department.Income tax department  has reduced the rebate amount In the current fy 2017-18. Further it is worth noting that you can claim tax rebate only if you satisfy the following conditions: your net income(Gross salary-Deductions u/s […]

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