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Sec 80CCF & Sec 192

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(Querist)
01 February 2011 Hi Sir,

While calculating TDS for salary, can Sec 80CCF (Infrastructure Bond)investment deduct from salary?
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
01 February 2011 Yes but the quantum of deduction cannot exceed Rs. 20000/-. This deduction is over and above the existing overall limit of deduction of Rs. 1 lacs u/s 80C, 80CCC and 80CCD

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