Dear Senior,
Please let me know if a employee during his previous employment (Apr'14 to Aug'14) availed exemption under 80C 1,50,000/-. During his present employment is he eligible for exemption under 80C.
Regards
From India, Madras
2Please let me know if a employee during his previous employment (Apr'14 to Aug'14) availed exemption under 80C 1,50,000/-. During his present employment is he eligible for exemption under 80C.
Regards
From India, Madras
No he is not eligible for any further deduction u/s 80C. But while considering his previous employer income you have to consider below things.
• Gross earning after sec-10
• Tax benefit extended by previous employer u/s 80C
• TDS deducted by previous employer
• PT deducted by previous employer
Refer the attached previous employer detail for more understanding.
Regards,
Amar
From India, Delhi
• Gross earning after sec-10
• Tax benefit extended by previous employer u/s 80C
• TDS deducted by previous employer
• PT deducted by previous employer
Refer the attached previous employer detail for more understanding.
Regards,
Amar
From India, Delhi
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Performance Review 2008(employee Section).ppt
Tax Exemption (SUPERB).doc