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DEDUCTION U/S 80CCC

This query is : Resolved 
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(Querist)
23 August 2010 IF MY GROSS TOTAL INCOME IS RS 4 LACS

AND I INVESTED RS 1.02 LACS IN LIC & OTHER

NOW MY GROSS TOTAL INCOME IS RS 3 LACS (AS I HAVE ELEGIBLE FOR DEDUCTION OF RS 1 LAC ONLY)

FURTHER I HAVE INVESTED RS 1.20 LACS IN PERSONAL PENTION PLAN

NOW MY TOTAL INCOME IS RS. 1.8 LACS

IS THAT OK ???????
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
23 August 2010 no it is wrong. your maximum deduction u/s 80C, 80CCC & 80CCD WILL BE SUBJECT TO 100000/-

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