WebJul 4, 2024 · Further, contribution to approved superannuation fund is taxable if it exceeds one lakh fifty thousand in the previous year and it is treated as a perquisite given to employee. Similarly, assesssee is allowed to take deduction of amount contributed to National Pension Scheme by employer upto 14% of Basic salary and dearness allowance … WebOct 8, 2024 · 1) Death of the employee. In this case, either nominee or family members would make the withdrawal claim of superannuation fund. 2) Withdrawal possible when …
New EPF Rules: How EPF contributions will be taxed now - The F
WebApr 8, 2024 · How retired employees can file ITR in FY24? 12 min read . Updated: 08 Apr 2024, 09:58 PM IST Vipul Das. Individuals should be aware of the taxability of any retirement benefits they receive ... WebOct 21, 2024 · 4 min read . Updated: 21 Oct 2024, 10:38 PM IST Neil Borate. Sumit Shukla, Chief executive officer, HDFC Pension Fund. Budget 2024 increased the tax-free component of the NPS maturity corpus from ... royale high sewer code 2021
Exemption for payment from approved superannuation fund
WebApr 13, 2024 · In December, Ghana signed an agreement with the International Monetary Fund (IMF) through its Extended Credit Facility to receive $3 billion over three years. In return, Ghana’s government agreed to ‘a wide-ranging economic reform programme’ that includes a commitment to ‘increase domestic resource mobilisation and streamline ... Web1 day ago · India Business News: New versus old income tax regime: Irrespective of which regime you opt for, financial planning is an important aspect of every salaried taxpayer's lif WebSep 24, 2024 · An additional tax benefit on immediate annuity plans is the standard deduction allowed by the government on the gross salary. As annuity payments are taxable under the head ‘Salaries’, the taxpayer can claim a standard deduction of Rs. 50,000 or the amount of pension, whichever is less. royale high sets gacha