Ranjeet on August 8th, 2010

Deduction u/s 80D is available to the following: 1.An Individual; 2.A hindu undivided family(HUF) Deduction u/s 80D is available to an individual for his own health , spouse and dependent children. An individual can also claim deduction u/s 80D for his parents (whether dependent or not). deduction in respect of parents health of an individual […]

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Ranjeet on August 2nd, 2010

Deduction under Section 80C is allowed only to the following assessee from their gross total income:- 1. an individual, or 2. a Hindu undivided family Maximum deduction u/s 80C is Rs. 1,00,000 Many types of investments are covered under section 80C but here I am discussing only those in which the assessee generally make investments. […]

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Ranjeet on August 2nd, 2010

WHAT IS PROVIDENT FUND? “Provident fund is a fund which is composed of contributions made by the employee during the time he/she worked along with an equal contribution by his employer” RATE : Provident fund is calculated as 12% of his/her basic salary & the same amount is contributed by the employer.however employee have a […]

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