Income Tax Deduction Section 80CCC 80CCD 80CCE :- India Income - TopicsExpress

Income Tax Deduction Section 80CCC 80CCD 80CCE :- India Income Tax Section 80CCE restricts the aggregate amount of deduction under section 80C, 80CCC and 80CCD upto Rs 1 Lacs. Where, the Central Government or any other employer makes any contribution to the employee’s account, the employee shall be allowed a deduction in the computation of his total income. However, the deduction is limited to 10 per cent of his salary in the previous year.

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Illustrative image (Photo: VNA) Strong money inflows helped