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ALL ABOUT RELIANCE JIO THAT YOU SHOULD KNOW!

on October 29, 2016

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How to show Atal Pension Yojna Contribution in ITR| Ananda | Section 80 ...

How to show Atal Pension Yojna Contribution in tax return? Project - #makeknowledgefree By - Amlan Dutta Atal Pension Yojana enjoys the tax benefits exactly like NPS Tax Benefits. There are two sub-sections under Sec.80CCD. 1) APY or Atal Pension Yojana Tax Benefits under Sec.80CCD(1) The maximum benefit available is Rs.1.5 lakh (including Sec.80C limit). An individual’s maximum 20% of annual income This section will form the part of Sec.80C limit. 2) APY or Atal Pension Yojana Tax Benefits under Sec.80CCD(1B) This is the additional tax benefit of up to Rs.50,000 eligible for income tax deduction and was introduced in the Budget 2015 Introduced in Budget 2015. One can avail the benefit of this Sect.80CCD (1B) from FY 2015-16. Both self-employed and employees are eligible for availing this deduction. This is over and above Sec.80CCD (1). 3.) Atal Pension Yojana Tax Benefits – During Retirement The pension you receive during retirement is considered as salary i...

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ALL ABOUT RELIANCE JIO THAT YOU SHOULD KNOW!

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