Deductions for assessment year 2013-14

This query is : Resolved 

10 May 2012 Dear Sir / Madam,

Kindly provide revised Deductions allowable for salaried employees for the Assessment year 2013-14 with notification

Regards,
Philip J.

10 May 2012 For revised Deductions you can easily any ready tax reckoner. dont be that much lazy

10 May 2012 Amendment in taxation of salaried employee-

Basic Limit- Raised to Rs. 2 lakhs
Deduction-
U/s 80CCG- Max Rs 25000 ( 50% of amount invested in equity scheme)
U/s 80TTA- Max Rs. 10,000( Interest on saving bank Account)

This may not be exhaustive list of amendments.


10 May 2012 There is no at all called Section 80 TTA

10 May 2012 Mr. Chaitanya,

I request you to update yourself by reading finace bill, 2012 wherein both the sections are incorporated.

I dont know, how you have raised query for only one section!!!

10 May 2012 Mr. Chaitanya,

I request you to update yourself by reading finance bill, 2012 wherein both the sections are incorporated.

I dont know, how you have raised query for only one section!!!

10 May 2012 I dont know this. but, the income tax department has not updated the same.

10 May 2012 K Fine there is a deduction u/s 80TTA. Just now verified it in a book


10 May 2012 You dont know that is why I am requesting you to read the finance bill very carefully.

Section 80CCG is also not updated by the dept.
Always make the comment in proper way.
Thanks.



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