GROSS INCOME--1060000/-
UNDER 80C--(PF+LIC-HBA PRINCIPAL=190000+50000+70000)=310000/- MY Limit 150000 cross can i claim remaining amount 160000 as deduction.
if yes then wich section
kind suggest me.....
i got also children education allowance 25000/- this is calculated in total income, can it less from gross income.
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Deduction from gross income
Replies (3)
No you cannot claim amount over and 150000 as deduction.
you can claim upto 1,50,000/- u/s 80C
children education allowance is exempted upto ₹100pm for 2 children from salary income u/s 10(14)...
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