Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Deduction Up to 300,000 for Payments to Approved Savings Accounts; Excludes Rollover Amounts; Comply with Government Scheme</h1> Individuals or Hindu undivided families can claim a deduction up to 300,000 rupees for sums paid into accounts with permitted savings intermediaries during the financial year. These sums include payments made on behalf of the taxpayer but exclude amounts rolled over between accounts with the same or different intermediaries. Payments or deposits must comply with a scheme prescribed by the Central Government.
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