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Tax benefits for NPS Vatsalya subscribers
February 02, 2025
|The Morning Standard
FINANCE minister Nirmala Sitharaman has announced that NPS Vatsalya subscribers will receive the same tax benefits under Section 80CCD(1B) as regular NPS subscribers for their contribution, provided they opt in to remain under old income tax regime and not in the new regime, which does not allow any deductions but offers a higher tax-free income level.
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The budget has increased exemption limits to ₹12 lakh from existing ₹7 lakh. The proposal comes without any revision in income tax slabs and rates under old tax regime.
هذه القصة من طبعة February 02, 2025 من The Morning Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Morning Standard
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