Deductions under chapter VIA of Income Tax Act

can anybody explain what is "Time Deposit" as mentioned in sec 80TTA

very useful notes:)

thanks for sharing

It is really Helps to me Thaks a lot Sir

Best Regards

Ramesha.m

gud 1...

Thanks for sharing

VERY USEFUL, THANKS 4 SHARIN

Very Nicely xplained..Thank you

thanks to all for liking!!!

Also you can download in word file.. here is link

/share_files/income-tax-deductions-chapter-via-for-individual-80c-etc--53334.asp

Thanks..

Thanx  u for post.

Again good Job.....!!!. 

 Your contribution about deduction under chapter VI-A is very helpful & have many new updates

I have one query about Section 80CCG: Rajiv Gandhi Equity Saving Scheme

What do you mean by "(maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000)."

 Can u answer the following?

 income (Rs.)  Tax (Rs.)     amt invested   amount of deduction

 8,00,000            90,000         75,000                      ?

 9,50,000          1,20,000      1,00,000                      ? 

Section 80CCG: Rajiv Gandhi Equity Saving Scheme

As per the Budget 2012 anouncements, a new scheme Rajiv Gandhi Equity Saving Scheme (RGESS) will be launched. Those investors whose annual income is less than Rs. 10 lakh can invest in this scheme up to Rs. 50,000 and get a deduction of 50% of the investment. So if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

Great job Vaibhav...well complied......Book marked.