Deduction in 2019-20
Ajita Bara (10 Points)
21 March 2020standard deduction 50000
profession tax 2100
80 C 150000
80 CCD 50000 =total 250000
Is this okay?
Ajita Bara (10 Points)
21 March 2020
Bhavesh jain
(Student)
(35 Points)
Replied 21 March 2020
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 21 March 2020
* Aggregate Deduction u/s 80C , 80CCC and 80CCD(1) is restricted to Rs. 1.50,000
* Professional Tax Paid by Employer >> taxable and deduction u/s 16
Paid by employee >> deduction u/s 16
rama krishnan
(12244 Points)
Replied 22 March 2020
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 22 March 2020
Eligible for Both deduction 80 C 1,50,000 and 80 CCD (1b) Rs. 50,000
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