WebApr 15, 2024 · Section 80C Deductions to be deducted while computing total income for Financial Year (F.Y 2024-21)/ Assessment Year 2024-22 (A.Y 2024-22) The aggregate amount of deductions allowed under … WebMar 14, 2016 · Rs 1,44,000 is allowable as deduction under section 80CCD (1). This would be taken into ...

Section 80C, 80CCC, 80CCD deduction (Rs.

WebAug 23, 2024 · 1.1kviews. -1. Section 80CCE of Income Tax Act: Limit on deductions under sections 80C , 80CCC and 80CCD. The aggregate amount of deductions under section 80C , section 80CCC and sub-section (1) of section 80CCD shall not, in any case, exceed one hundred and fifty thousand rupees. WebMay 4, 2014 · An education loan can not only fund your higher studies but also help save tax. The interest paid on the education loan can be claimed as deduction, as per … fly into rage meaning

Deduction from Salary Income Sec. 16 Sec. 80(c)

WebNov 19, 2024 · In that case, they can claim an additional deduction for up to Rs 50,000 in a financial year under section 80CCD (1B). Section 80CCD (1B) deduction can be … WebInvestments of up to Rs 1.5 lakh can be used to avail tax deductions under Section 80C. Eligibility : Can be opened by every Indian citizen between the age of 18 and 60. Liquidity: ... 80 allows deduction for tax saving term deposits for a tenor of 5 years. Every bank offers tax saving FDs which can be made for availing this deduction. WebJul 10, 2014 · Income-tax Act relating to limit on deductions under sections 80C, 80CCC and 80CCD under Section 80 CCE. ... The aggregate amount of deduction under sections 80C, 80CCC and sub section (1) of Section 80CCD shall not exceed Rs.1,50,000/-, except (Section 80CCE). However, contribution made by the Central Government or any other … greenmount cemetery ny