salary

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ankita gupta (Querist)
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13 September 2009 a employee deposited rs.25000 in other company.a public co. which is engaged in infrastructure facility.what is the treatment of that when calculating salary.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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13 September 2009 It shall be treated as Investment of the employee. But pls check the eligibility of that deposit for deduction u/s 80C. If it is eligible then while calculating tds or tax on his salary, it shall be considered as a deduction, otherwise, it is just an investment. No other benefit from this investment.

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