Sentences with phrase «maximum allowable deduction»

After all, the maximum allowable deduction under Section 80C is Rs 1.5 lacs.

Call this maximum allowable deduction «A».

Now apply the «lesser of» rule, which states that your maximum allowable deduction is equal to the lesser of:

Not exact matches

Because, as Malkus explains, there is a state tax savings for an individual socking away the maximum allowable $ 10,000 New York deduction, and «that modest $ 600 for families takes a much bigger cumulative toll on New York's income tax base.

The maximum allowable Tax deduction under this section is Rs 1.5 Lakh.

Some is still left over, despite my having taken the maximum allowable charitable deduction each year.

Under a special allowance extended through 2011, a deduction is limited for most individuals by 50 % of the contribution base over the amount of all other allowable charitable contributions for the tax year, with a maximum carryforward of 15 years.