Deduction under section 80c
This query is : Resolved
30 December 2014
is the deduction available under section 80ccd(2) over and above the deduction available under section 80C?
suppose an assessee has 1,50,000 under 80 C and under 80ccd(2) has 20000. can he claim 1,70,000?
suppose an assessee has 1,50,000 under 80 C and under 80ccd(2) has 20000. can he claim 1,70,000?
30 December 2014
Yes..he can claim 1,70,000.00
30 December 2014
Hi
also deduction under 80CCD(2) is restricted to 10% of Basic + DA
Thanks
also deduction under 80CCD(2) is restricted to 10% of Basic + DA
Thanks
31 December 2014
Agree with Mr. VaibhavJ..
31 December 2014
Thanks, also whole amount which you are showing as deduction u/ 80CCD(2) need to be added first in Gross Total Income of an employee, so virtually it doesn't give any tax saving..
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