TAX ON SALARY INCOME

dmfinance (Service) (13 Points)

28 December 2007  

Dear Friends

I am DM ( Fin ) working for PSU . I am responsible for TDS on salary . Kindly clear my doubts on following :-

(a)  Whether tution fees to coaching classes is considered as education exp for deduction u/s 80 C .

(b)  What is the tax treatment and exemption on ACCRUED AINTEREST ON NSC purchased .

Thanks in advance

Regards

Anita Bhadra