Deductions under chapter VIA of Income Tax Act

Originally posted by : Karan Teli
	Good compliation..!!   "B O O K M A R K E D"

Very informative post..... :)

Very nice and useful post....Bookmarked.

Originally posted by : Jiral Savla
	Your contribution about deduction under chapter VI-A is very helpful & have many new updates I have one query about Section 80CCG: Rajiv Gandhi Equity Saving Scheme What do you mean by "(maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000)."      Can u answer the following?  income (Rs.)  Tax (Rs.)     amt invested   amount of deduction  8,00,000            90,000         75,000                      ?  9,50,000          1,20,000      1,00,000                      ?    Section 80CCG: Rajiv Gandhi Equity Saving Scheme As per the Budget 2012 anouncements, a new scheme Rajiv Gandhi Equity Saving Scheme (RGESS) will be launched. Those investors whose annual income is less than Rs. 10 lakh can invest in this scheme up to Rs. 50,000 and get a deduction of 50% of the investment. So if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

you are ryt..

Originally posted by : Monika
	Very nice and useful post....Bookmarked.

thanks.

keep contribute your knowledge.

once again thank you my friend

Ankur Agrawal

Thanks for share valuable & good infomation

Thanks. 

is additional deduction of Rs. 20k under infrastructrure bond is valid ?

Originally posted by : prakrut
	is additional deduction of Rs. 20k under infrastructrure bond is valid ?

Investment in Infrastructure Bond U/S 80CCF is not been extended this FY.

Thanks!!

Very Nice!!!!!!

Please Keep sharing!!!!!!

NICE ARTICLE.... THANK U SO MUCH ...

very much useful for students for easy understanding and making correlation with other section u/d Chapter VIA

Gud work...Bookmarked!! 

Thank you very much for this informative post sir! This means that deductions under chapter VIA of income Tax can exceed Rs. One Lakh; I am asking this question asI was under the erroneous impression that there is a ceiling of Rs one lakh for deductions under this chapter? A word of clarification in this respect from you will be greatly appreciated.