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55be9034d4 10% of the income. 1 crore. The deduction one is eligible for depends on a number of factors, with different limits set for different purposes. 10 crores. Taxation. The deductions are segregated under two categories i.e. 10% of amount by which the taxable income exceeds Rs. Tax Deductions under Section 80 IA: Section 80 IA provides an avenue for all taxpaying assessees to claim tax deduction on the profits generated through industrial activities. This Page is BLOCKED as it is using Iframes. Where the taxable income exceeds Rs.
As per the new norms, the period for availing tax deductions in case of construction of homes has been increased from 3 years to 5 years, providing relief in cases where delays creep into construction of a home. qualify for 100% deduction on the amount donated. .. Education Cess: 3% of the total of Income Tax and Surcharge. (November 2013) This article may be too technical for most readers to understand. Comments posted on the BankBazaar site are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise. 5,00,000/-. Section - 4 Charge of income-tax.