The conditions under which income tax is levied vary depending on the individual’s or entity’s
DEDUCTION IN RESPECT OF MAINTENANCE INCLUDING MEDICAL TREATMENT OF A HANDICAPPED DEPENDENT WHO IS A PERSON WITH DISABILITY [SEC.80DD,]
Under Section 80DD of the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs)
MAXIMUM DEDUCTIBLE AMOUNT
The maximum deduction amount under income tax in India for the financial year 2022-23 (assessment
DEDUCTION IN RESPECT OF INSURANCE PREMIA [SEC.80D]
Section 80D of the Income Tax Act, 1961 allows individuals and Hindu Undivided Families (HUFs)
DEDUCTIONS IN RESPECT OF INVESTMENT MADE UNDER RAJIV GANDHI EQUITY SAVING SCHEME [SEC.80CCD]
Deductions in respect of contribution to Agni path Scheme [Sec.80CCH] under Income Tax Section 80CCH
DEDUCTIONS IN RESPECT OF CONTRIBUTION TO PENSION FUND [ SEC .80CCC]
Deductions in respect of contribution to pension fund under Income Tax Section 80CCC Section 80CCC
DEDUCTION IN RESPECT OF NATIONAL SAVINGS SCHEME [ Sec.80CCA Applicable for the assessment -years 1988-89 to 1992-93]
Under the Income Tax Act, 1961, Section 80CCA provides a deduction for deposits made in
OTHER POINTS REGARDING COMPUTATION OF GROSS QUALIYFING AMOUNT
Adjusted gross total income: The adjusted gross total income (AGTI) is used to compute the gross
COMPUTATION OF DEDUCTION UNDER SECTION 80C
Section 80C of the Income Tax Act, 1961 allows individuals and Hindu Undivided Families (HUFs)
SAILENT FEATURE OF SECTION 80C
The salient features of section 80C under the Income Tax Act, 1961 are as follows: