TDS- Deductions under Section 80U
TDS- Deductions under Section 80U
In computing the total income of an individual, being a resident, who, at any time during the previous year, is certified by the medical authority to be a person with disability, there shall be allowed a deduction of a sum of seventy-five thousand rupee.
Provided that where such individual is a person with severe disability, the provisions of this sub-section shall have effect as if for the words "seventy-five thousand rupees", the words "one hundred and twenty-five thousand rupees" had been substituted.
How to enter 80 U deduction
Go into Deductee Detail > Salary Detail feature given in menu bar and Now, double click on the employee for which you wish to enter the 80 U deduction detail .
Now Click on Deduction
Software will calculate 80U deduction as per Qualifying limit
Hope This Helps
Related Articles
How to fill other exemption under section 10 details in salary detail
How to fill other allowances details in salary detail Form 16 Part (B)- (F) Amount of any other exemption under section 10 Open the e-TDS software, Go to Deductee entry → Salary detail → Tax Deducted u/s 192 Select the employee from the list > Now ...TDS - Standard deduction section 16(ia)
TDS - Standard deduction section 16(ia) Standard Deduction of Rs. 40,000 in Budget 2018, giving the salaried class something to rejoice about. It replaced the transport allowance Rs. 19200 and medical reimbursement of Rs. 15,000 per annum ...Section 115BAC
Section 115BAC Section 115BAC is the newly inserted section in the Income Tax Act, 1961 that deals with the new income tax regime. This section and alternate tax regime was introduced in Union Budget 2020 and is applicable to individuals and Hindu ...TDS on Payment to Transporter u/s 194C
“TDS on Payment to Transporter u/s 194C” - Return process in e-TDS Software As per section 194C , TDS is not required to be deducted on payments made to transporter, if small transport operators are owning not more than 10 goods carriages for any ...Process to generate TDS Return (Salary / Non Salary / Non Resident / TCS)
TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax ...