80 CCC in 2015 budget

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 80 CCC in 2015 budget
Query (Issue) Started By: - sunu m Dated:- 9-3-2015 Income Tax
Income Tax
Hi , We know that 80 CCD(1) limit in NPS has been extended to 50000 in 2015 budget over and a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... bove 1.5 lakhs INR 80 C limit we had earlier. I have following questions to be clarified. 1. I had a contribution to NPS through 80 CCD(2) which is over and above 1.5 lakhs limit, because it was empl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oyer contribution. Now, this 50000 limit is also for 80 CCD(2) ? 2. contribution to NPS is max 10% of basic. So does it mean both 80 CCD(1) and 80 CCD(2) will be max 10% of basic ? 3. earlier 80 CCC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pension plans (icici prulife) used to go through 80 C limits only, i.e 1.5 lakh inr. Now in 2015 budget can this be accomodated in extra 50000 INR savings ? 4. Assuming I deposit 35000 to NPS throug .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... h 80 CCD(2), how much I can contribute to NPS more to get maximum tax benefit ? my 80 CCC is also 15000 per annum. 5. What the new avenues of saving tax this year assuming i already have consumed 1.5 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lakhs inr ? regards
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X