if income of a person is rs 360000. he get rs160000 exempted. and rs 100000 as deduction u/s 80c. if the income is generated from salary then for rs 100000 what exemption can he claimed. pllllllllllllzzzzzzzzzzzzzz reply soon
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deductios can be claimed under it act
Replies (2)
If you have invest 1Lac already u/s 80C. than only can invest now 20,000 in infrastructure bond u/s 80CCF
refer section 80C under income tax act;
for rs.100000-life insurance premium,ppf, epf, bank term deposit saving certificates, post office term deposits, mutual funds, ulips, etc.
rs.20000-under section 80ccf-infrastructure bonds, like idfc infrastructure bonds last date 04/02/20111
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