Category: Taxation


How Can I Avail Tax Benefit Under RGESS ?

The tax deduction for RGESS is u/s 80CCG and it is over and above the Rs. 1 lakh limit specified under Section 80C. Further, it is not mandatory for citizens to exhaust the limit of Rs 1 lakh specified under...

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How much tax deduction will I be eligible for under RGESS?

You will be eligible to get tax deduction u/s 80CCG on 50% of the amount invested. Let us say, you invest Rs.50,000 under RGESS, the amount eligible for tax deduction will be Rs.25,000 from your taxable income. Let us say,...

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Can I Take Tax Benefit on RGESS Every Year ?

The Scheme, as such, is designed for only the first time new investors. Since they can be ?ew?only in the first year of entering the market, the benefits of the Scheme is limited to only one year for a particular...

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Can I Split RGESS Investment in Different Financial Year ?

No. Only the investment during the first financial year can be booked as investment under RGESS to claim deduction.

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