Dear Sir, Madam,
Govt. Employee Can a GPF Advance deduction u/s 80c
6 Replies
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 07 June 2013
| Originally posted by : vinoth tax Practitioner chenna | ||
 |
Dear Sir, Madam, Govt. Employee Can a GPF Advance deduction u/s 80c |
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GPF LOAN REPAYMENT CAN A DEDUCTION U/S 80C
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 07 June 2013
My client income tax benefit for the amount deducted from salary towards GPF contribution. Is the deduction of the GPF advance ( monthly installments) also comes under this?
Amber Jain
(Article Assistant)
(206 Points)
Replied 11 June 2013
Hello,
As per sec 80C of the income tax act 1961 you will get the deduction GPF contribution.Maximum amount that can be allowed as deduction is Rs 1,00,000.
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