•What is TDS ?

•Assessee pays tax in the assessment year on the income earned in

previous year.
•Due to this rule the tax collection is delayed till the completion of the
previous year. Even sometimes people conceal there income and the
tax is not paid at all.
•In order to overcome these problems, government started deducted
some amount of tax from the amount which is receivable by the
assessee.
•The amount of tax so deducted is called as “Tax Deducted at Source”,
i.e., TDS.
SECTION 80C
 Investments under 80C.
 Provident fund
 Public Provident fund
 Life insurance premium
 Pensions Plans
 NSC
 Infracture bonds
 Maximum limit is 1Lakh under 80c.
Section 80D
 Any premium which is paid for medical
insurance on the health of the assessee
(including his spouse,dependent
children and parents) a deduction of 15
thousand is allowed.
 For senior citizen 20 thousand is
allowed.
Section 80G
 This section is for donation made.
 Certain donation are eligible for 100%
deduction and certain are eligible for
50%
Income Tax Slab