Deductions on salary
This query is : Resolved
SEKHAR PALLE
(Querist)
08 November 2011
Dear professionals,
can any one know me section deductions on salary for current & assessment year.can plz mail me on sekharpalle@gmail.com.
Thanks in advance
sekhar palle
can any one know me section deductions on salary for current & assessment year.can plz mail me on sekharpalle@gmail.com.
Thanks in advance
sekhar palle
CA PARAS BAFNA
(Expert)
08 November 2011
Tax Deduction on Salary is made U/s 192.
SEKHAR PALLE
(Querist)
15 November 2011
Thanking u sir. Can u plz tell me Tax exemptions in all sections for the year 2010&2011-2012.
Thanking you
sekhar
Thanking you
sekhar
CA PARAS BAFNA
(Expert)
15 November 2011
Please refer Section 10 for Exemptions. You have to go through various sub-sections and clauses of Section 10 to ascertain, whether an assessee is entitled for the particular exemption.
In case of Housing loan taken Interest U/s 24 is deductible.
.
For Deductions like LIP, Mediclaim and other Savings related investments,you may go through Chapter VIA, more particularly refr Section 80C,80CCF, 80D, 80G etc.
In case of Housing loan taken Interest U/s 24 is deductible.
.
For Deductions like LIP, Mediclaim and other Savings related investments,you may go through Chapter VIA, more particularly refr Section 80C,80CCF, 80D, 80G etc.
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