Sec 80CCF & Sec 192
This query is : Resolved
01 February 2011
Hi Sir,
While calculating TDS for salary, can Sec 80CCF (Infrastructure Bond)investment deduct from salary?
While calculating TDS for salary, can Sec 80CCF (Infrastructure Bond)investment deduct from salary?
01 February 2011
Yes but the quantum of deduction cannot exceed Rs. 20000/-. This deduction is over and above the existing overall limit of deduction of Rs. 1 lacs u/s 80C, 80CCC and 80CCD
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