WebApr 4, 2024 · Section 80CCC Deduction for Premium Paid for Annuity Plan of LIC or Other Insurer. This section provides a deduction to an individual for any amount paid or … WebMar 25, 2016 · A) sections 80C, 80CCC and 80CCD Amount a) section 80C i) Employee Provident Fund – /3F6 Ee Ann PF contribution wagetype (b) section 80CCC – Section 80 contribution amount and Section 80 deductible amount (c) section 80CCD . B) other sections (for e.g. 80E, 80G etc.) under chapter VIA Gross amount Qualifying amount Deductible …
Section 80CCC : Pension plans under Section 80CCC of the Incom…
WebNew Pension Scheme (NPS) (u/s 80CCC) J. Pension Plan from Insurance Companies/Mutual Funds (u/s 80CCC) K. 80 CCD Central Govt. Employees Pension Plan (u/s 80CCD) L. Housing. Loan (Principal Repayment) ... 3.Employees who will not submit Declaration form within stipulated period, shall be presumed that they don’t have any … WebOct 19, 2024 · Under section 80C, deductions can be claimed for specified investment/expenditures made such as investments in EPF, PPF, principal repayment of housing loan etc. Also Read: Investments and expenditures that can be claimed under section 80C Additional deduction of Rs 50,000 is available for the investment in NPS … putkinotko
Income Tax Deductions for Salaried Employees
WebJun 16, 2024 · Income tax deductions under section 80C, 80CCC, 80CCD for contributions in tax-saving instruments Other deductions like health insurance premium (Section 80D), donations (80G), and interest on education loan (80E ) Net taxable salary after deductions under Chapter VI Therefore, Form 16 and Form 16A are not exactly the same. WebJul 2, 2024 · Limit on deduction under section 80C, 80CCC, and 80CCD. Total deduction under section 80C, 80CCC, and 80CCD (1) (except contribution by assesse under section 80CCD (1B) & contribution by employer) cannot exceed Rs. 1, 50,000. At AJSH, we assist our clients in dealing with various income tax compliances, including income tax … WebApr 4, 2024 · Section 80CCC Deduction for Premium Paid for Annuity Plan of LIC or Other Insurer This section provides a deduction to an individual for any amount paid or deposited in any annuity plan of LIC or any other insurer. The plan must be for receiving a pension from a fund referred to in Section 10 (23AAB). putkinotko 1998