Income tax exemptions.
Dear Sir / Madam,
I am working in a factory. and contributed Rs 1,50,000/- towards PF and VPF. Is it possible for me to get an additional benefit of Rs 50000/-. If I invest it in NPS tier 1 account, in my personal capacity as an individual ? Kindly enlighten me.

Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
We will need more details about your income slab, tax slab and other details in order to completely answer your question.
If you found this helpful, please rate us.
We will need more details about your income slab, tax slab and other details in order to completely answer your question.
If you found this helpful, please rate us.
Helpful
Helpful
Share
A.Hi,
We will need more details to assist you, we will be happy to help if you gave us more information.
If you found this helpful, please rate us.
We will need more details to assist you, we will be happy to help if you gave us more information.
If you found this helpful, please rate us.
Helpful
Helpful
Share
Read Related Answers

No the widow wife shall not be taxable under the Income Tax Act as she is out of the scope of Section 56 (2) since the rules framed are as follows:
a) Widow or widower, full retirement age or older —...

You need to consult with a qualified Chartered Accountant for detailed answer to your query. For further detailed consultation you may contact at 7604047601.

Kindly contact a qualified Chartered Accountant for solving all your queries. Kindly call at 7604047601 for detailed consultation.

Dear Sir,
u may contact any local Auditor or Chartered Accountant to clear your doubt. Otherwise, u may directly approach Income Tax office or any other similar office.

Dear Sir,
The questions are related to Finance matter and such questions may be answered by either CA or Auditor. Please approach any one of them.
Tax-Income Tax Lawyers



Find Lawyers by Location