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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2014 Sir

I want to know the following issue.

Ex
My salary is 385000.00
Deduction : 150000.00
My auditor said the admissible deductions is restricted to Rs.100000.00. My tax amount will come for Rs (385000-220000-150000).

Kindly clarify the same.
Nagarajan S

@VaibhavJ

@VaibhavJ (Expert)
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22 January 2014 Hi

Under 80C, you can claim max. deduction of Rs. 1 lac only.

Additionally you can claim Rs. 15k u/s 80D

Refer for more details:

https://www.caclubindia.com/forum/summary-of-exemption-u-s-10-to-salaried-employee-232114.asp

Thx