80ccd
This query is : Resolved
25 December 2011
what is u/s 80ccd. Is applicable. How much excemption limit.
25 December 2011
Section 80CCD deals with deduction in respect of contribution made to pension scheme of central govt.
1.Max Deduction in case of an employee is restricted to 10% of his salary.
2. In case of other individuals 10% of his gross total income.
1.Max Deduction in case of an employee is restricted to 10% of his salary.
2. In case of other individuals 10% of his gross total income.
25 December 2011
Agree with Paras sir but want to clear one point that Maximum deduction of 10% is on previous year Salary/Gross total Income.
Am i right Sir?
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Am i right Sir?
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- ITR-3 File/Error Found
- Due Date Clarity
- Accounting with Claude
- TDS _Long term Capital Gain ref.sec 214 Table 2
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
