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How to avail benefits for NPS contributions done by your employer on behalf of you? Answers to your personal finance queries

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How to avail benefits for NPS contributions done by your employer on behalf of you? Answers to your personal finance queries

Readers can ship in queries on private finance and investing to [email protected]

Q. I’m a State authorities worker. I deposited ₹1.50 lakh in my PPF account. The division is deducting ₹72,000 in direction of my NPS account. (This is the obligatory 10% fundamental + DA deduction). Can I declare a deduction of ₹50,000 u/s 80CCD(1B) on behalf of this NPS saving? I’ve not made every other voluntary deposit on this account.

A. Amounts contributed by your employer in direction of NPS are lined below 80CCD(1) and 80CCD(2) in direction of worker and employer contributions, respectively. Any voluntary contribution in direction of NPS shall solely be lined below 80CCD(1B), thus the extra ₹50,000 profit prescribed can’t be claimed by you below 80CCD(1B) as no voluntary contribution has been performed.

However, advantages may be availed for NPS contributions below 80CCD(1) and 80CCD(2) performed by your employer on behalf of you and your employer within the following method.

80CCD(1) limits are clubbed with 80CCE limits and as you could have exhausted the identical by your contribution in direction of PPF (below 80C), you’ll not be eligible for any declare over and above ₹1.50 lakh. With respect to 80CCD(2), it’s possible you’ll declare a most deduction of 10% of fundamental plus DA (for non-central authorities staff) and the identical is outdoors the purview of ₹1.50 lakh (80CCE) and ₹50,000 (80CCD(1B)). You could take the break-up of the ₹72,000 out of your employer and declare the deduction based mostly on the reasons offered above.

A. As the unlisted shares have been held for over 2 years, they’re long-term capital property. She is eligible for exemption below part 54F as she owns just one residential property as on the date of sale of the unlisted shares and exemption below part 54EC can even apply to her offered the funding is made inside 6 months of date of sale.

Q. My daughter (married) is learning DNB (put up commencement after MBBS) in a non-public hospital. This course is performed by the National Board of Diploma of G0I. This is a 3- yr course. She is paying ₹1.25 lakh as tuition price yearly.

She can be getting ₹50,000 as month-to-month stipend. In 2019-20 PY, she acquired ₹5 lakh in stipend. The hospital authorities are deducting I-T month-to-month.

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1) I wish to know whether or not the stipend revenue is taxable?

2) lf so, can the ‘ tuition price’ be deducted from gross revenue?

3) As supply deduction of tax has already been made, she is certain to file returns. If the stipend shouldn’t be taxable, how can this revenue be proven within the returns?

4) If the tutoring price can’t be proven as deduction in her return, can the identical be performed in my return?

A. 1. Stipend acquired by medical doctors pursuing greater training from personal hospitals is a taxable revenue and thought of as emoluments in direction of performing duties like a full-time physician whereas gaining expertise and isn’t perceived as monies acquired in direction of scholarship for training. Only quantities acquired in direction of scholarship is exempt below tax. Income tax is to be paid in accordance with slab charges relevant for people.

2. No, deductions for fee of tuition price shouldn’t be allowed from stipend revenue as this tuition price paid shouldn’t be linked with the incomes of the stipend.

3. If the hospital is offering Form 16, the identical is to be declared below “Income from Salaries”, if supplied with Form 16A, the identical is to be declared below “Income from Other Sources” or “income from business or profession” below relevant ITR.

4. Deduction in direction of tuition price paid for 2 youngsters may be claimed by the dad or mum if the price is paid to a registered college, college or an training establishment based mostly in India for full-time training programs below Section 80C. In your case, as your daughter is paying the price herself, you can not declare any deduction on this regard;

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(The writer is companion, GSS & Associates, Chartered Accountants, Chennai)

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How To Guides

How to Clean your Laptop Screen and Keyboard Safely [Updated 2021]

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How to Clean Laptop

The laptop has today become a basic necessity, and with its regular usage, you can see dust and dirt sticking to its screen, back panel, keyboard, and base. This not only affects its overall functioning, but it also looks weird. Have you ever thought about how you can clean your laptop screen and keyboard? Well, check out the easy-to-execute and straightforward steps that will help you clean your laptop and remove dust & dirt.

Basic Requirements to Clean Your Laptop

Before moving ahead, you must know the list of required items prior to start cleaning your Laptop and removing the dust/dirt completely. Further, you should shut down your Laptop and remove its adapter before cleaning. Below listed are the cleaning essentials required for outside cleaning process.

  • A microfiber or lint-free piece of cloth
  • Water or Colin
  • Earbuds
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Products To Avoid For Laptop Cleaning

Aerosol sprays, solvents, abrasives, or cleaners containing hydrogen peroxide

How to Clean the Exterior of the Laptop

Take a piece of microfibre cloth and dip it slightly into the water. Now, slowly scrub the outer section of your Laptop till it starts shining. Scrub its sides attentively as the side panels have disc-drive, USB/Audio? Ethernet/Charging and a few other ports. Make sure the microfiber cloth isn’t wet much. Also, make sure the water doesn’t enter the Laptop in whatsoever way. Water can damage the port or the motherboard.

How to Clean the Screen of the Laptop

The screen is a delicate component of your Laptop, and hence it needs extra care. I prefer cleaning the screen with a dry cloth and wipe the dirt completely. Take the cloth to its corners to wipe off maximum dust/dirt from the screen. Now, clean the screen with a wet cloth. Remember, no additional chemical/liquid is required to clean the Laptop’s screen.
Just be gentle with the wiping process and don’t overdo it with too much force, as it can cause some damage to the screen.

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How to Clean the Laptop Keyboard

Working regularly on your Laptop has a direct effect on its keyboard. The keyboard is also an essential component of the Laptop that needs a periodic cleaning. However, cleaning the keyboard is tricky. With regular usage, some crumbs get stuck between the keys that restrict the key from functioning correctly.

Start by inverting your Laptop (upside down) and run air spray onto it. Most of the dust/dirt is removed from the keyboard. Still, if you find some crumbs, it’s recommended to clean them manually and remove them as soon as possible.

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How To Guides

How to Uninstall Adobe Flash Player from Mac, Windows and Browsers

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How to uninstal Adobe Flash Player from Mac, Windows and browsers | Gadgets Now

Adobe Flash is officially discontinued from December 31. However, numerous web browsers, Operating Systems and other associated services are still using Adobe Flash player. Post December 31, Adobe won’t provide any support to Flash related queries.

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So, if you are looking to uninstall the outdated Adobe Flash plugin/software from your browser/operating system, follow the steps given below and execute our step-by-step guide:

How to Uninstall Flash Player from Mac

Uninstalling Adobe Flash Player on Mac is a little more complicated compared to any regular software or application because they don’t appear in the Launchpad or Application folder. The only place it can be found is in the System Preferences option of the Mac.

Step 1: Run the Flash Player Uninstaller by double-clicking on the Uninstaller icon

Uninstall Adobe Flash Player

Step 2: On the Uninstaller tool, click on Uninstall button

Step 3: Click on Done button after you see a message “Adobe Flash Player was removed from your system’

Step 4: Clear directories related to Flash Player

  • /Library/Preferences/Macromedia/Flash Player
  • /Library/Caches/Adobe/Flash Player 6
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At last, verify whether Flash Player Uninstall was successful or not. To do this, restart your computer and head to https://helpx.adobe.com/in/flash-player.html and click on Check Now button.

How to Uninstall Flash Player from Windows/browsers

Flash Player on Windows depends upon the browser you are using and that’s because browsers like Chrome, Edge, Opera and Firefox have their version of Flash and some of them even come built-in with it. All you need to do is disable it from the browser’s settings. Here’s a browser-wise list on how to do it.

Uninstall Flash Player On Chrome:

Uninstall Flash Player On Opera:

Uninstall Flash Player On Chromium-based Edge:

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How To Guides

Adobe Flash Player support ends December 31, 2020: How to play Flash games in 2021 | Gadgets Now

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Adobe Flash Player support ends December 31, 2020: How to play Flash games in 2021 | Gadgets Now
Today is officially the last day for Adobe Flash Player. The company is pullling the plug on Flash player from midnight today, December 31, 2020. Post this, all popular browsers across platforms will remove Flash. Once the major browsers stop supporting Flash Player, websites that offer Flash-based content including games and animations too will have to remove them.

If you pained that you will no longer be able to play those popular Flash games that you have grown up playing, then you really need not. There are ways to help you continue playing those games. Here’s where and how you can continue playing these games.

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Play online on Internet Archives website

The new home for Flash content is Internet Archives website. The website has started collecting Flash games, apps and animations. Interested gamers will be able to use/play these games through emulation.

To start playing, one needs to simply visit the ‘https://archive.org/details/softwarelibrary_flash’. Once there, click on the game you want to play and there you get going.

The offline way: BlueMaxima’s Flashpoint

The offline option is BlueMaxima’s Flashpoint software. This is a web-games preservation project that was started in January 2018. The database now includes 70,000-plus games and over 8,000 animations from 20 different platforms including Flash.

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Flashpoint comes in two versions — Flashpoint Ultimate 9.0 and Flashpoint Infinity 9.0. The Ultimate version weighs 478GB as download that goes up to 532GB post installation. The Infinity version is way smaller, it’s download size is 500MB that expands to 2GB after installation.

Users need to download the software from: ‘https://bluemaxima.org/flashpoint/downloads/’

Next step is to install it on their systems. Once done, all the Flash games from the Flashpoint database can be played offline as well

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