Hi ramyad
All these are deductions as per income tax act 1961 U/s 80 C
01. If you are taking any housing loan from the banker that principal amount is also deduct from salary
02.National saving certificate VIII Issue is also one of the deduction
03.Tution fee of children
04.Public Provident Fund account of SBI is also one of the deduction
05.Five years locking period of Fixed Deposit
06.United Linked Insurance premium three years locking period
All those are 80 C deductions as per the income tax act 1961
After the above deductions deducted from your salary your tax liability is coming
*For allthose deductions you need to show the proofs to your employer
Regards
Suresh
From India, Hyderabad
All these are deductions as per income tax act 1961 U/s 80 C
01. If you are taking any housing loan from the banker that principal amount is also deduct from salary
02.National saving certificate VIII Issue is also one of the deduction
03.Tution fee of children
04.Public Provident Fund account of SBI is also one of the deduction
05.Five years locking period of Fixed Deposit
06.United Linked Insurance premium three years locking period
All those are 80 C deductions as per the income tax act 1961
After the above deductions deducted from your salary your tax liability is coming
*For allthose deductions you need to show the proofs to your employer
Regards
Suresh
From India, Hyderabad
Dear Sir, We can claim Rs.1,00,000/- under section 80C of Income Tax Act-1951 and above this limit of expenses, you have to take to taxable income. With Regards, C.Renuka
From India, Madras
From India, Madras
ya i have the slab rates table for last year and current year also i can fw you by tomorrow Suresh
From India, Hyderabad
From India, Hyderabad
Hi
My qualification is M.Com pursuing (M.B.A & C.A)
i have 13 years of experiance
Audit Service -4years 6months(Audit assitant)
BPO Service -2years 6months(Accounts Officer)
Pharma Service -1year ( Senior Accounts Officer)
Healthcare Service-2 years4months (Acting Payroll Manager)
Service Indust - 9 months ( Analysit)
Healthcare Sevice - 7 months ( Senior Specialist compen & Benfits)
Steel Manfacture -2years 4months(Present as ERP Manager)
brief summary of my profile
From India, Hyderabad
My qualification is M.Com pursuing (M.B.A & C.A)
i have 13 years of experiance
Audit Service -4years 6months(Audit assitant)
BPO Service -2years 6months(Accounts Officer)
Pharma Service -1year ( Senior Accounts Officer)
Healthcare Service-2 years4months (Acting Payroll Manager)
Service Indust - 9 months ( Analysit)
Healthcare Sevice - 7 months ( Senior Specialist compen & Benfits)
Steel Manfacture -2years 4months(Present as ERP Manager)
brief summary of my profile
From India, Hyderabad
DEAR RAMYA For Income Tax calculation we are not considering the Vechile Loan, Personnel Loan , We are consider only Housing Loan, budget loan Are you clear
From India, Hyderabad
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.