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What is Deductions Under Chapter VI-A Explained about?

- Section VI A of the Income Tax Act provides deductions from gross total income for various payments and incomes to encourage savings and contributions to national funds. - Key deductions include Section 80C for specified investments up to Rs. 150,000, Section 80D for medical insurance premiums, Section 80E for interest on education loans, and Sections 80DD and 80U for medical treatment and disability. - Deductions under Chapter VI A cannot exceed gross total income and are subject to various limits and e

Author

Omkar Nakashe

Language

EN