SIMPLE TAX INDIA

DEDUCTION UNDER SECTION 80C,80CCD,80CCC,80CCF ELIGIBLE SCHEME LIFE INSURANCE ,PPF ,PF,NSC DETAILS

Posted: 31 Aug 2011 04:36 AM PDT

In computing the taxable income of the individual, the following deductions under section-80C, 80CCC, 80CCD , 80CCE of the Act are to be allowed from his gross total income:A. As per section 80C, an employee will be entitled to deductions for the whole of amounts paid or deposited in the current financial year in the following schemes, subject to a limit of Rs.1,00,000/-: Payment of insurance...

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