Savings
This query is : Resolved
18 April 2012
Dear sir,
In our company one one lady working. in this year under calculation on of tax on salaries she doesn't have any savings like LIC etc. but her husband have that savings. can i considered his saving into that lady salary computation under sec 80c. plz help me
In our company one one lady working. in this year under calculation on of tax on salaries she doesn't have any savings like LIC etc. but her husband have that savings. can i considered his saving into that lady salary computation under sec 80c. plz help me
ca cs shriyans jain
(Expert)
18 April 2012
No, if law is followed in strict sense it cannot be considered as 80'c' payments has to b made by the gross total income of the assessee, but if lic payments has been for the lady herself, husband nd child then allow.
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