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DEDUCTION U/S 80CCC

This query is : Resolved 

23 August 2010 IF MY GROSS TOTAL INCOME IS RS 4 LACS

AND I INVESTED RS 1.02 LACS IN LIC & OTHER

NOW MY GROSS TOTAL INCOME IS RS 3 LACS (AS I HAVE ELEGIBLE FOR DEDUCTION OF RS 1 LAC ONLY)

FURTHER I HAVE INVESTED RS 1.20 LACS IN PERSONAL PENTION PLAN

NOW MY TOTAL INCOME IS RS. 1.8 LACS

IS THAT OK ???????

23 August 2010 no it is wrong. your maximum deduction u/s 80C, 80CCC & 80CCD WILL BE SUBJECT TO 100000/-


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