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80c deduction for salaried employee

27 February 2019

If a govt employee invest his amount in the month of march 2019 for claiming deduction u/s 80 c. Is he eligible for claiming deduction in A.Y.2019-20?

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6 Replies

A B Kundu (Professional) (1422 Points)
Replied 27 February 2019

YES, ELIGIBLE.

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duvvuru achyuth (34 Points)
Replied 27 February 2019

yes but maximum 150000

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NIKITA ARORA (46 Points)
Replied 27 February 2019

but salary for march 18 to feb 19 is taxable. so additional investment in the month of march 19 is eligible for claimimg deduction in a.y 19-20?

A B Kundu (Professional) (1422 Points)
Replied 27 February 2019

The period March to Feb is considered only for the calculation of Salary Income. For any other sources of income, expenditures, investments etc. April to March is considered.