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TNEB (Tamil Nadu Electricity Board), TANGEDCO, NTPC, BHEL, NLC India and other power-sector PSU employees enjoy Form 16-driven simple ITR with NPS Tier-1 tax-saving (Section 80CCD), housing-quarter perquisite valuation, and pension contribution (statutory ~10%). FilingLab handles ITR-1 for salaried PSU employees, helps with HRA exemption (when applicable), Section 80C / 80CCD optimisation, and capital-gains schedule if you trade outside salary.
Tax angle for you
Old Pension Scheme employees (joined before 2004): pension is fully exempt up to commuted portion. New Pension Scheme (NPS): contributions u/s 80CCD(1B) extra ₹50,000 deduction. Housing quarter perquisite: 7.5%-15% of salary + actual rent.
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What you actually need
FAQ
Perquisite valuation per Rule 3 — 7.5% of salary if population <10 lakh, 10% for 10-25 lakh cities, 15% above 25 lakh. Subtract any rent recovery.
Tier-1: Section 80CCD(1) up to ₹1.5 lakh + 80CCD(1B) extra ₹50,000 + 80CCD(2) employer contribution up to 14%. Tier-2: voluntary, no tax benefit but withdrawable anytime.
Free electricity perquisite is taxable at FMV. Many PSUs report it on Form 16 — check Section 17(2).
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