Deduction under section 80c
This query is : Resolved
30 December 2014
is the deduction available under section 80ccd(2) over and above the deduction available under section 80C?
suppose an assessee has 1,50,000 under 80 C and under 80ccd(2) has 20000. can he claim 1,70,000?
suppose an assessee has 1,50,000 under 80 C and under 80ccd(2) has 20000. can he claim 1,70,000?
30 December 2014
Yes..he can claim 1,70,000.00
30 December 2014
Hi
also deduction under 80CCD(2) is restricted to 10% of Basic + DA
Thanks
also deduction under 80CCD(2) is restricted to 10% of Basic + DA
Thanks
31 December 2014
Agree with Mr. VaibhavJ..
31 December 2014
Thanks, also whole amount which you are showing as deduction u/ 80CCD(2) need to be added first in Gross Total Income of an employee, so virtually it doesn't give any tax saving..
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- TDS related Query_Liquidated Damages
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
