80c deduction for salaried employee

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46 Points Posted on 27 February 2019
If a govt employee invest his amount in the month of march 2019 for claiming deduction u/s 80 c. Is he eligible for claiming deduction in A.Y.2019-20?
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On 27 February 2019 at 09:29 Report
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Professional
1427 Points Posted on 27 February 2019

YES, ELIGIBLE.

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On 27 February 2019 at 09:50
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34 Points Posted on 27 February 2019
yes but maximum 150000
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On 27 February 2019 at 10:15
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46 Points Posted on 27 February 2019
but salary for march 18 to feb 19 is taxable. so additional investment in the month of march 19 is eligible for claimimg deduction in a.y 19-20?
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On 27 February 2019 at 10:26
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Professional
1427 Points Posted on 27 February 2019

The period March to Feb is considered only for the calculation of Salary Income. For any other sources of income, expenditures, investments etc. April to March is considered.

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On 27 February 2019 at 14:06
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46 Points Posted on 27 February 2019
okk.......thank you
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On 27 February 2019 at 17:38
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CA FINAL ASPIRANT
3115 Points Posted on 07 March 2019
yes he is eligiblw
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On 07 March 2019 at 22:19

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