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TDS on Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2011 Dear Sir,
in TDS on salary how many amount of lic Deduted
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
07 April 2011 Please elaborate your question.

LIC rebate is allowed under section 80C / 80CCC.... Total cap is Rs. 100000/- for these section. However the premium should not exceed 20 % of sum assured.

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