TDS on Salary

This query is : Resolved 

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.

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/-


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/-.


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