Hi All,
Our one employee is resigning from our company. I need you help in tax calculation of the employee.
He is paying home loan approx 25K/month. Now the question is:-
-can we give home loan repayment deduction U/s 80C on prorate basis.
-Or we cannot give the deduction but his new employee will give this deduction. and I will deduct the tax without considering the repayment amount?
-What documents should I take if we give the deduction from the employee??
Kindly advice.