salary
This query is : Resolved
13 September 2009
a employee deposited rs.25000 in other company.a public co. which is engaged in infrastructure facility.what is the treatment of that when calculating salary.
13 September 2009
It shall be treated as Investment of the employee. But pls check the eligibility of that deposit for deduction u/s 80C. If it is eligible then while calculating tds or tax on his salary, it shall be considered as a deduction, otherwise, it is just an investment. No other benefit from this investment.
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