80ccd(2) eligible amount is not reflecting in the Computation
80ccd(2) eligible amount is not reflecting in the Computation
The Central Government or any other employer makes any contribution to his account referred to in that section, the assessee shall be allowed a deduction in the computation of his total income, of the whole of the amount contributed by the Central Government or any other employer.
(a) fourteen per cent, where such contribution is made by the Central Government;
(b) ten per cent, where such contribution is made by any other employer,
Possible Solution
First of all, you have to check whether the salary income is added in "Basic" or in "Gross". (Go into Transactions > salary income )
If the salary is added into the gross then enter basic salary in option "basic salary + da for 80 ccd (2) "
Now check , 80ccd(2) eligible amount will be reflect in computation.
Hope this Helps
Related Articles
ZenIT || How to Calculate Tax on Agriculture Income
Calculating Tax on Agriculture Income Take the sum of the agricultural income and non-agricultural income. The Tax (A) should be computed on this amount. Example: The base tax slab varies according to changes in the Income Tax guidelines. Add the ...Section 80TTA – All about Claiming Deduction on Interest
80 TTA eligible deduction Not Coming In computation Section 80TTA provides a Deduction in respect of interest on deposits in savings account. Where the gross total income of an assessee , being an individual or a Hindu undivided family, includes ...Zen IT || Computation Print → Show Income Details only if before setoff income is not equal to zero
Process: If the client does not want to display income details on the computation page when the income before setoff is zero, follow these steps: Open the software and navigate to 'Tools'. Select 'Income Tax Option' from the menu. In the Income Tax ...Tax deferred - relatable to income on perquisites referred in section 17(2)(vi) received from employer, being an eligible start-up referred to in section 80-IAC
Tax deferred - relatable to income on perquisites referred in section 17(2)(vi) received from employer 17(2)(vi) received from employer, being an eligible start‐up referred to in section 80‐IAC( Schedule Salary)” “Tax deferred ‐ relatable to income ...TDS || E-Filing → Invalid tax deducted amount.Enter valid tax deducted amount.
Root Cause of the Error → This issue arises from entering incorrect amounts in the TAX Amount (Income Tax) relative to the Amount Paid/Credited. If the client is using the Excel Import option, please note that the "Amount of Payment ( Rs.) (419)", ...