is deduction u/s 16 (iii) is inclusive in 80C deduction. or apart from maximum limit of Rs.100000=00 under 80C, additional deduction is available u/s 16(iii).
23 April 2014
standard deduction u/s 16(iii) , is in addition to deduction u/s 80c . eg 16(iii) Amount Rs 2400 80C Amount Rs 100000 Total deduction Rs 102400
CAclubindia
