Form 12BB vs. Section 80C

AY 2020-21


I have declared 1.21 lac as deduction under 80C in form 12BB (Taken by my employer)

Now I have investment of 150000 ₹ under 80C.(after March and before 30th June 2020)

How-much Deduction I can claim in return?

thank you
Replies (4)
Quick Summary
This discussion clarifies how to claim your full Section 80C tax deduction. Even if your employer has already processed a deduction via Form 12BB, you can still claim the full ₹1.5 lakh in your Income Tax Return (ITR). This includes investments made between March and June 2020, which can be accounted for in your return for FY 2019-20.

Any investment made after March 2020 but before July 31, 2020 can be claimed as deduction in FY 2018-19 at the option of the assessee.... These details will have to be filed in the ITR
Thank you sir, but I think (it may be) for FY 2019-20.
Yes FY 2019-20, it was a typo...
Ok Thank you sir

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details