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Transcript

Deduction for PF under Section 80C Monthly Salary Amount Salary Less PF 12% Net Salary 30000 3600 26400 Annual ITR Amount Salary Annual Salary Standard Deductions Income from Salary Less Section 80C (Annual PF 3600 × 12) Net income from Salary 30000 360000 50000 310000 43200 266800 Note: Max 80C is 150000

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.