Normal tax slab and deduction applicable on dividend income?

Forums Deductions Normal tax slab and deduction applicable on dividend income?

Normal tax slab and deduction applicable on dividend income?

I have Rs. 11,00,000 Lac dividend income and no other income. Can I applicable for normal slab rate and can I apply 80C deduction.

Profile photo of Amol Asked By: Amol 1 replies 1 helpful answers Last Updated: 6 months, 1 week ago
  • Profile photo of AmolAmol
    Participant

    I have Rs. 11,00,000 Lac dividend income and no other income. Can I applicable for normal slab rate and can I apply 80C deduction.

  • Profile photo of Roohi RasheedRoohi Rasheed
    Moderator

    As per sec. 115 BBDA sub. sec. (2), You will not be able to adjust/ deduct 80C investment against the dividend income exceeding Rs. 10L .

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