Rebate u/s.80c
This query is : Resolved
31 December 2014
Person get salary for six month from his employer - A (employed upto sept).
He has invested only 10,000/- in PPF in the month of July & balance Rs.1,40,000/- to be invested in the month of Oct..
then What is the rebate to be allowed by employer-A.
He has invested only 10,000/- in PPF in the month of July & balance Rs.1,40,000/- to be invested in the month of Oct..
then What is the rebate to be allowed by employer-A.
31 December 2014
Please note that under Section 80C 'Deductions' are available (i.e.from Taxable Income) and not 'Rebate' (Which is available from Tax payable)
Employer -A should, for the purpose of deduction of TDS, consider only the investment employee have already made upto the date of Deduction of TDS.(Here, upto, September only)
And also employer should ask for the Details of Investment made by way of 'Declaration' from the Employee.
Employer -A should, for the purpose of deduction of TDS, consider only the investment employee have already made upto the date of Deduction of TDS.(Here, upto, September only)
And also employer should ask for the Details of Investment made by way of 'Declaration' from the Employee.
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