Deduction admissible u/s 80C allowed from the net-of-tax salaries.

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..... taken by the Director of Inspection (R S). The Study revealed that in the case of some foreign employees of foreign agencies in India, who were in receipt of net-of-tax salaries, the deduction admissible u/s 80C was allowed from the net-of-tax salaries received by them before grossing it up. For example, if the salary net-of-tax is Rs. 40,000 and the 80C deduction is Rs. 2,000 then Rs. 40,000 is f .....

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..... be clear that no deduction under Chapter VI-A or 280-O is to be allowed from net-of-tax salaries before it is grossed up to arrive at the gross total income. 3. This may be brought to the notice of all the officers working in your charge. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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