TDS on Salary
This query is : Resolved
surinder kumar
(Querist)
20 June 2008
When we talk about investment(u/s 80c) that has limit upto 1,00,000 which includes no of investments.
(A)I heard that Investment under pension scheme has a limit of Rs. 10,000/-. Is this true?
(B) Is tuition fee restricted upto 24000/- or having no such kind of limit.
Kindly answer to my this query.
(A)I heard that Investment under pension scheme has a limit of Rs. 10,000/-. Is this true?
(B) Is tuition fee restricted upto 24000/- or having no such kind of limit.
Kindly answer to my this query.
pushpendra
(Expert)
20 June 2008
ya under the pension scheme limit is of Rs. 10000/- but tution fee there is no limit of amount but there is limit for maximum for two child. one child fee may be Rs. 100000/-
Sambasiva Rao
(Expert)
20 June 2008
Investment under pension scheme is limited to 10% of the salary by the employee and also 10% by the employer. However, the aggregate deduction u/s.80C, 80CCC and 80CCD cannot exceed Rs.1,00,000/-.
No restriction for tuition fee as it is allowed up to Rs.1,00,000/-.
No restriction for tuition fee as it is allowed up to Rs.1,00,000/-.
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