Form 16
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2011
I had seen one Form 16 recently of one of my client for A.Y. 2011-12. It was from some MNC. In that Form, the company had allowed deduction of LIC Premium paid only on himself and not even on his wife was being taken.
And deduction u/s. 80GG for rent was allowed Rs. 48,000/-.
I will like to know wether company can -
I) disallow LIC Premium paid on spouse &
children for the purpose of TDS on salary ?
II)And can deduction u/s. 80GG be claimed
upto Rs.. 24,000/- or Rs. 48,000/-.
III) What is the age limit for senior
citizen for A.Y. 2011-12?
Please advice me as I have to file the Return. Thank You.
And deduction u/s. 80GG for rent was allowed Rs. 48,000/-.
I will like to know wether company can -
I) disallow LIC Premium paid on spouse &
children for the purpose of TDS on salary ?
II)And can deduction u/s. 80GG be claimed
upto Rs.. 24,000/- or Rs. 48,000/-.
III) What is the age limit for senior
citizen for A.Y. 2011-12?
Please advice me as I have to file the Return. Thank You.
24 June 2011
1) employer had to consider & allowed LIC premium paid for spouse & his childern.
2) deduction u/s 80GG be claimed Rs 24000/- in this case.
3)age limit for senior citizen is 65yrs for A.Y. 2011-12.
2) deduction u/s 80GG be claimed Rs 24000/- in this case.
3)age limit for senior citizen is 65yrs for A.Y. 2011-12.
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