Question

incomes which are allowed to be deducted under gross total income

Answer 1

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While the former are to be reduced from the gross total income, the latter do not form part of the income at all. Under Section 80C, an employee is entitled to deductions on amounts invested in a current financial year in some schemes, subject to a limit of Rs1 lakh.

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Answer 2

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- 80C, 80CCC, 80CCD, 80CCF, 80CCG, 80D, 80DD, 80DDB, 80E, 80EE, 80G, 80GG, 80GGA, 80GGB, 80GGC, 80 IA, 80IB, 80IC, 80ID, 80IE, 80JJA, 80JJAA, 80LA, 80P, 80QQB, 80RRB, 80TTA, 80U ] Deduction in respect of Medical Treatment , etc. Senior citizen to be allowed a deduction of Rs.