Budget 2024 modifies NPS deduction 80CCD(2) only for the New Tax Regime!

Last Updated on July 23, 2024 at 6:03 pm Currently, section 80CCD(2) allows a deduction in the taxable income from National Pension Scheme Employer contributions – 10% from non-government subscribers and 14% from government subscribers. This deduction is allowed in both the old tax regime and the new tax regime. Also see: Budget 2024: New Tax...

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