Skip to main content

TAX SAVING UPTO Rs. 10000 UNDER SECTION 80 CCD (1B) BY CONTRIBUTING IN NPS TIER II


March is the last month of the Financial Year and also finalization of your income tax. As TDS are deducted by the concerned DDO and still you have time to save upto Rs. 10000 under Section 80 CCD(1B) of the Income Tax by contributing to NPS Tier -II.

It is very simple for those who are covered under NPS Scheme as every employee is provided a PRAN No and after logging into NPS website, you can activate your Tier-II option also. The normal contributions are under NPS Tier -I and Tier -II is optional as per the rule. Saving upto Rs. 50000 are allowed under Section 80 CCD(1B) for tax saving upto Rs. 10000.

Payments of your contribution can be made through any of the Internet banking sites where your PAN is link.

Links for updating and activation NPS Tier -II - CLICK HERE.
Labels:

Comments

Post a Comment

Popular posts from this blog

LETTER FOR ALLOCATION OF LAPTOPS TO ALL THE GROUP B OFFICERS OF CBIC

 CBIC (Central Board of Indirect Tax and Customs) under Ministry of Finance notified for allocation of laptops to all the Group B officers irrespective of their posting vide F.No. DOL/log/1/1/2020-AS-DOL-DELHI-part(2) Dated 07.03.2022. This is one of the long pending of the staffs association of CBIC in comparison to CBDT.   So, all the staffs under CBIC of group B can apply with a declaration that he or she didn't received any such laptop from the Department in the last 5(five) years.
Post a Comment
Read more

CIRCULAR ON GRANT OF 5400 PB 2

 CBIC ( Central Board of Indirect Tax and Customs ) New Delhi vide Circular F.No. A-26017/62/2016.Ad.IIA Dated 27.04.2022, clarified and instructed as per the advice of Department of Expenditure, Government of India, the benefit of grant of 5400 PB 2 to those Inspectors who have completed 4 years after getting 4800 PB.   Accordingly, the field formations are instructed and circulated to take necessary actions by collecting data of those who have got similar order from CAT in the line of Hon'ble Madras High Court judgement dated 06.09.2010 against the WP 13225/2010. Now, the similar category of officers can get benefit after getting the similar order from respective tribunals.
Post a Comment
Read more

CBIC IN PROCESS OF IMPLEMENTATION OF E-OFFICE (SPARROW) FOR GROUP B AND B STAFFS ALSO

As per the latest instruction of CBIC is in process of implementing e-office (SPARROW) for its Group B and C staffs also. This is their second step after successfully implementing for Group A (IRS) staffs SPARROW e-office. With the implementation of this e-office, there will be a smooth and more transparent functioning in APAR updating of their staffs. CBIC NOTIFICATION FOR IMPLEMENTATION OF e-OFFICE (SPARROW) FOR GROUP B & C -    CLICK HERE And for the implementation of the E-office (SPARROW), gov.in mails have been created for all the staffs and if any of the Group B & C staffs of CBIC is left to create gov.in mail, please go the below link and update your details. SPARROW -CBIC DATA COLLECTION    : -    CLICK HERE
Post a Comment
Read more