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
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
ya i have the slab rates table for last year and current year also i can fw you by tomorrow Suresh
From India, Hyderabad
Hi
My qualification is M.Com pursuing (M.B.A & C.A)
i have 13 years of experiance
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From India, Hyderabad
dear sir, tds on salary we deducted all loan that mean can budget loan taken from bank so this are also deducted is it right?
From India, Davangere
sir, u r told housing loan also deduction salary on tds so am asking you only housing loan or all loan deduction on salary tds?
From India, Davangere
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
Dear Ramya Budget is estimated report of our incomes & expenditures how can we deduct on our estimated income & expenditure. This is not possible.
From India, Hyderabad
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