Thursday, 6 September 2012

Income tax calculation of New Pension Scheme subscriber

NDNGSA has demanded from OFB vide its letter available at http://ndngsa-ce.blogspot.in/2012/05/income-tax-calculation-for-new-pension.html that while calculating the income tax for New Pension Scheme Subscribers, the contribution made by Govt. in Tier I account shall not be included in saving limit of Rs 1,00,000 under sec 80C.


The demand is accepted by OFB and the action of OFB is as follows:












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