Income tax
This query is : Resolved
18 May 2010
If my total salary income Rs.170000/- and EPF employees contribution deduction 15000/- after epf employees contribution deduction my salary income below exemption limit Rs.160000/-i.e. total income salary for duction Rs.155000/-.Employer has given salary certificate after employess contribution deduction Rs.15000/-. Can I utilize EPF employees deduction Rs.5000/-(Rs.15000-10000) for calculation of my personal total income or other employer's salary income in ITR-2 ?
18 May 2010
Hi,
your taxable salary will be Rs.170000/- and you can claim deduction of Rs.15000/- for EPF u/s 80C in your income tax return.
your taxable salary will be Rs.170000/- and you can claim deduction of Rs.15000/- for EPF u/s 80C in your income tax return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
