I am confused abut this NPS scheme ? I do see there 3 sections 80CCD(1),80CCD(1b) and 80CCD(2) under which one NPS covered ? I if Open NPS account in bank and deposit Rs50K yearly and also If invest in NPS via salary deduction Rs 50K will NPS covered by both salary deduction and voluntary deposited amount ?? total of 1 lack ? and under which section ?
Hi, I have a query regarding someone who retired in the month of Feb. What would be the slab for tax calculation of such person. Would he fall in senior citizen category or normal. Also would there be a different way of tax calculation of such person. Kindly guide
I have recently retired from my job and have received a gratuity of Rs. 16,30,000. I have worked for a total of 35 years and need to know if my gratuity would be taxable and if yes then up to what extent.
What are the benefits for Sr. Citizens self employed. Who stopped working being above 70 years. The Government only considers for Retired Government Servants. Whether Self employed do not contribute towards Country’s interests.