Deduction under section 57 (ii)

shekhar jha (Querist) 29 March 2016 This query is : Resolved
deduction u/s 57(iia) is of rs. 15000 or 1/3 of income

Query: is this amount monthly or annual?

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B.Chakrapani Warrier (Expert) 30 March 2016
The percentile and the amount mentioned therein is to be counted annually.

Rajendra K Goyal (Expert) 30 March 2016
Vague query, state facts of the problem, if any.

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