Tax Liability
This query is : Resolved
24 January 2009
Respected Sir,
I have a query that if someone Gross Salary=300000
& That Person have a FD (5Year) of Rupees 100000, Mediclaim Policy 15000 & He also Submitting there education Loan and that Interest Amt is 40000.
So Can I Deduct
U/S 80 C = 100000
U/S 80 D = 15000
U/S 80 E = 40000
So Can i deduct Whole Deduction Amt 155000
Or Only 115000/-
I have a query that if someone Gross Salary=300000
& That Person have a FD (5Year) of Rupees 100000, Mediclaim Policy 15000 & He also Submitting there education Loan and that Interest Amt is 40000.
So Can I Deduct
U/S 80 C = 100000
U/S 80 D = 15000
U/S 80 E = 40000
So Can i deduct Whole Deduction Amt 155000
Or Only 115000/-
24 January 2009
If the conditions are satisfied for these three sections, than you can claim all the three deductions. No limit in aggregate as such is there on deductions
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