Under section 80C, a deduction of Rs 1,50,000 can be claimed from your total income. In simple terms, you can reduce up to Rs 1,50,000 from your total taxable income through section 80C. This deduction is allowed to an Individual or a HUF. A maximum of Rs 1, 50,000 can be claimed for financial year 2016-17.
The WIA Dislocated Workers Program assists workers who have been laid-off or have been notified that they will be terminated or laid off. General Program Information. Related Laws & Regulations. Planning & Policy Guidance. Performance & Reporting.
Publication 4128. JOB LOSS CREATES TAX ISSUES. The Internal Revenue Service recognizes that the loss of a job may create new tax issues. The IRS. provides the following information to assist displaced workers. â¢ Severance pay and unemployment compensation are taxable. Payments for any accumulated. vacation or sick time are also taxable.