80 C deduction

80 C deduction

In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in sub-section (2), as does not exceed one hundred and fifty thousand rupees.

How to claim deductions under section 80C
Go into Transactions >Deduction > 80C



Enter description and amount 




Now check in computation (Forms >computation) 




Hope this Helps 



    • Related Articles

    • Income Tax Auditor manual updation

      If the client is using Spectrum software but wishes to update only the Income Tax Auditor, then: To resolve the error, please follow the steps provided below: Step 1: Navigate to the root location of the software, which can be either "C:\Program ...

    • Income Tax || Software Hang related concern

      Solution: Run Software with Dummy database and then check the problem. Condition 1 - Still software hang while working in software If same issue occur that means the problem is related to software, not in database(Issue related to some DLL files or ...

    • Income tax || Run time error 339

      Error in income tax Auditor > Run time error 339 Component 'KDKClient.ocx' or one of its dependencies not correctly registered: a file is missing or invalid. To resolve the error, please follow the steps provided below: Step 1: Navigate to the root ...

    • Income Tax || ActiveX Component can't create object

      Process-1 Please note due to some security concerns of Windows Vista \ Windows 7 \ Windows 8 or Windows 10 you are not able to run the software. However, to resolve the issue please run the software using administrator account, to do so please follow ...

    • Income Tax || How to import salary details from TDS software

      Solution: To import salary details in Income Tax module from TDS software you please go to Transactions > Salary Income option given in menu bar. Here, click on TDS Salary Import button and you will get the list of Deductors. Message appears - Just ...