Hello, the new tax regime has few deductions or exemptions, so you are right that there are limited avenues to save tax. Still, one can save tax via Section 80CCD(2) and reimbursements. You can find the details about them in the video.
Hello, Can we save tax in New regime under two categories: 80CCD(1B) & 80CCD(2) ? You mentioned it in the beginning for those who opted for New regime. If you have any dedicated video for that please ping here.
Hello, you can save tax under Section 80CCD(2) if you are in the new regime. Under Section 80CCD(2), your employer can contribute up to 10% of your basic income to the NPS and this contribution is tax deductible for you. So, please speak with your employer.
My tax is currently deducted as per the new regime. But if I want to change to old regime and avail the applicable deductions, do I get refund for the excess tax paid?
Hello, I understand that you want to contact us. Please visit www.etmoney.com/help. Here, you can raise a ticket as well and a customer-support executive will get in touch with you.
I have already reached 1.5L amount on 80C . Are you saying that if I invest another 1.5 L in Atal Pension Scheme , I will be eligible for deduction of 1.5L apart from 80C ?
Hello, you can save tax on another Rs 50,000 by investing in the NPS under Section 80CCD(1B). Also, you can save tax on up to 10% of your basic salary under Section 80CCD(2) by asking your employer to deposit the amount in your NPS account.
