Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2014
Sir
I want to know the following issue.
Ex
My salary is 385000.00
Deduction : 150000.00
My auditor said the admissible deductions is restricted to Rs.100000.00. My tax amount will come for Rs (385000-220000-150000).
Kindly clarify the same.
Nagarajan S
I want to know the following issue.
Ex
My salary is 385000.00
Deduction : 150000.00
My auditor said the admissible deductions is restricted to Rs.100000.00. My tax amount will come for Rs (385000-220000-150000).
Kindly clarify the same.
Nagarajan S
22 January 2014
Hi
Under 80C, you can claim max. deduction of Rs. 1 lac only.
Additionally you can claim Rs. 15k u/s 80D
Refer for more details:
https://www.caclubindia.com/forum/summary-of-exemption-u-s-10-to-salaried-employee-232114.asp
Thx
Under 80C, you can claim max. deduction of Rs. 1 lac only.
Additionally you can claim Rs. 15k u/s 80D
Refer for more details:
https://www.caclubindia.com/forum/summary-of-exemption-u-s-10-to-salaried-employee-232114.asp
Thx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Reporting in TDS return
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Banking Related Issue
- Residential status of non resident
- ITR-3 File/Error Found
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
