Deductions under chapter vi -a fy 2012 - 2013

Hi,

 

1. Please give the details of sections 80ccd(2), 80TTA, 80ccg.

      specify the limits of these sections

2. Whether 80ccf is valid for FY 2012 - 2013?

Replies (2)

Hi,

Sec 80CCD(2) is deposit in new pension scheme, max limit: 10% of salary

Sec 80TTA is deduction from savings bank interest, Max limit Rs 10000 for individuals & HUF

Sec 80CCG is deduction from investment in equity shares by new investors. Deduction is 50% of investment, max invst limit is Rs 50000

Sec 80CCF is not applicable for FY 2012-13

Regards

 

Hi Prateek,

Sec 80ccd(2) is employer's contribution, right?

Regards,

 

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