Chapter VIA contains within its purview deductions for various items: Section 80C (For PPF, ELSS, LIP, EPF, home loan repayment, tuition fee and so on), 80G (donations), Section Section 80D (Health Insurance), and 80 TTA and 80TTB (Bank interest), 80CCD (NPS). Step 3: Liability ...
5.5.2 Deduction in respect of contribution to certain pension funds (Section 80CCC) 5.5.3 Deduction in respect of contribution to pension scheme of Central Government (Section 80CCD) 5.5.4 Deduction in respect of health insurance premia paid, etc. (Section 80D)...
Once you file your income tax return, it is checked, assessed and processed by the Income tax department. It matches the information that you provide,income from different sources, tax deducted at source, self-assessment tax paid, among others,with data available to the department, and then in...