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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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Free consultation with a CA who has worked with tneb / govt power sector employees.
Why this matters for tneb / govt power sector employees
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.
Audience-specific note
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.
Form 24Q (Q1-Q4) for salary
Form 26Q for vendor payments
Form 27Q for NRI / foreign payments
Form 16 (employees) and Form 16A (vendors) generation
TDS challan (281) verification
Default and short-payment correction
Forms 24Q, 26Q, 27Q filed every quarter — Form 16 generated automatically.
You
FilingLab
01
You
Quarterly data
You share salary register, vendor invoices, rent bills.
1 day
02
FilingLab
TDS verification
We verify TDS rates by section and PAN of every deductee.
1 day
03
FilingLab
Return preparation
Forms 24Q / 26Q / 27Q drafted with all challan details.
1 day
04
FilingLab
Filing with NSDL
Quarterly return filed on the NSDL portal.
By due date
05
FilingLab
Form 16 generation
Within 15 days of filing, we issue Form 16 to employees and 16A to vendors.
15 days
01
You
· 1 day
Quarterly data
You share salary register, vendor invoices, rent bills.
02
FilingLab
· 1 day
TDS verification
We verify TDS rates by section and PAN of every deductee.
03
FilingLab
· 1 day
Return preparation
Forms 24Q / 26Q / 27Q drafted with all challan details.
04
FilingLab
· By due date
Filing with NSDL
Quarterly return filed on the NSDL portal.
05
FilingLab
· 15 days
Form 16 generation
Within 15 days of filing, we issue Form 16 to employees and 16A to vendors.
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).
Also for tneb / govt power sector employees