Maximum deductions allowed from income
Querist : Anonymous
I have a query. What is the maximum amount of deduction any individual can claim by investing anywhere under Section 80C or any other sections per Year and under which sections.
Suppose one can invest in PPF and get a deduction of Rs.150000 and where else can one invest or do anything. Please advise.
Thanks!
Querist : Anonymous
But as I have read different articles available on different portals online, Rs.150000 is deductible under Section 80C and as Mr.Abhishek says, deductions are also allowed under Sections 80D, 80G, 80E, what's the respective amount under each sections which are allowed.
As Mr.Safique says, Deductions allowed under section 80 CCF is Rs.20000 max. and 80CCG is max. Rs.25000, these two when added to Section 80C Rs.150000 make up Rs.195000 in total. And deductions allowed under Sections 80D, 80G, 80E are yet to be added.
Am I correct in saying as per the above. Please kindly advise. Thanks!
Querist : Anonymous
But as I have read different articles available on different portals online, Rs.150000 is deductible under Section 80C and as Mr.Abhishek says, deductions are also allowed under Sections 80D, 80G, 80E, what's the respective amount under each sections which are allowed.
As Mr.Safique says, Deductions allowed under section 80 CCF is Rs.20000 max. and 80CCG is max. Rs.25000, these two when added to Section 80C Rs.150000 make up Rs.195000 in total. And deductions allowed under Sections 80D, 80G, 80E are yet to be added.
Am I correct in saying as per the above. Please kindly advise. Thanks!
Querist : Anonymous
Please kindly advise on the above. Thanks!
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