TaxTMI 
TaxTMI 
Deduction admissible u/s 80C allowed from the net-of-tax salaries.
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....ved by some employees was undertaken 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....