Tag Archives: DEDUCTIONS

DEDUCTIONS IN INCOME TAX

ALLOWANCES  DEDUCTIONS IN INCOME TAX ACT 1961 [table id=14 /] Notes: Deduction is limited to whole of the amount paid or deposited subject to a maximum of Rs. 1,50,000. This maximum limit of Rs. 1,50,000 is the aggregate of the deduction that may be claimed under sections 80C, 80CCC and 80CCD. The sums paid or… Read More »