ONE MY CLIENT IS SALARY EMPLOYEE, HIS INVESTMENT LIC-77268, KGID-38640, GIS-2880, TUTION FEE-45000 TOTAL U/S 80C= 163788 QUALIFYING U/S 80C =150000/-, MY QUESTION IS HE PAYING 68793 TOWARDS NPS THIS IS FROM HIS SALARY DEDUCTIONS, U/S SECTION 80CCD (1), 80CCD(2), 80CCD 1(B), HOW MUCH HE CAN CLAIM OVER ALL SECTIONS. HIS EMPLOYER ALSO PAYING SAME AMOUNT OF 68793/ EQUAL. MY DOUBT IS CAN CLAIM INVESTMENTS AS FOLLOWS U/S 80C 150000 U/S 80CCD 1= 50000 U/S 80CCD 1B= 68793= 268793 IS IT CORRECT CALCULATION BECAUSE HE IS GOVT MEDICAL OFFICER
PLEASE CLARIFY ME HOW MUCH I CAN SHOW FILING INCOME TAX RETURNS. WEATHER OVER ALL TOTAL DEDUCTIONS U/S 80C =150000 AND ADDITIONAL BENEFIT 50000= TOTAL 200000/- WHICH IS CORRECT.
CAclubindia
