Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C. Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs.23,720, grade Pay Rs.7,600, DA at prescribed rates, transport allowances @ Rs.3200+DA … [Read more...] about Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration
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Deduction under 80C
Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act – IRSA’s clarificatory communication to all IT heads
Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act - IRSA's clarificatory communication to all IT heads INDIAN REVENUE SERVICE ASSOCIATION (ALL INDIA BODY) President General Secretary Raminder Kaushal Rajani Kant Gupta F.No. IRSA(AIB)/EC/Res./UK-DR/5 Date: 15th July, 2014 To All Principal … [Read more...] about Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act – IRSA’s clarificatory communication to all IT heads
Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs In its Pre-Budget wish list regarding Income Tax 80C, the Confederation of Indian Industries (CII) has suggested to the Finance Ministry that the consolidated deduction under 80C be raised from Rs. 1 lakh to Rs. 2.5 lakhs. Most Central Government employees have savings schemes that are linked with General … [Read more...] about Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
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