Dear all
Any one have summary notes of various deductions for salaried person FY 22-23??
Pls do share
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Various deduction
Replies (1)
1) Standard Deductions up to 50000
2)Under Section 80C,80CCC & 80 CCD - you can get deductions up to 1.5 Lakh ( LIC premium, Children Education Fees, PPF , Deposit in Sukanya A/C, EPF Home Loan Principle payment etc. are the major factor where you can get deducutions .)
3) House Rent Allowance
4) Leave Travel Allowance
5) Medical Insurance Deductions - up to 50000
Up to Rs. 10000 interest earning from saving account under section 80TTA , you can get deductions .
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