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80c deduction for salaried employee
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?
Replies (6)
YES, ELIGIBLE.
yes but maximum 150000
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?
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.
okk.......thank you
yes he is eligiblw
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