Sec 80CCD & 80CCE
This query is : Resolved
05 October 2010
Weather the provision of section 80CCD ie Deduction for 10% of salary or 10% of GTI
if exceeds Rs. 1,00,000/- will be alowed as deduction
if 80CCE cap deduction at 1,00,000/-
if exceeds Rs. 1,00,000/- will be alowed as deduction
if 80CCE cap deduction at 1,00,000/-
05 October 2010
If the eligible amount under section 80CCD exceeds Rs.1,00,000/- ,deduction will be restriced to Rs. 1,00,000/- by virtue of the restriction contained in section 80CCE of the Income tax Act,1961.
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