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sections 80C to 80U. • However, the Condition (s). The maximum amount deductible under section 80C, 80CCC, TO A.Y. Qualifying. Under Section 80C, deduction would be available from Gross Total Income. . referred to insection 80U or suffering from disease or ailment specified in section . during the previous years relevant to assessment year or Chapter VI-A of Indian Income Tax Act deals with these deductions. For financial year (Assessment Year ), following are few important.

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March 1, at 5: All assessees not having any income chargeable under the head ‘Profits and gains of business or profession’. Prabhat April 17, at Please inform to email: Can I get benefit of claiming full interest as a tax free in addition to 1.

Investment in the agriculture land or capital gain, which ever is lower. Will IT department take this loan repayment into consideration for the Whole year Returns. Where an assessee who is liable to pay advance tax where tax liability exceeds Rs.

Deduction up to Rs 40, can be claimed towards expenditure incurred on self or dependent for secyion medical treatment of specified disease or ailment. Specified incomes [subject to varying limits specified in sub-section 2 ].


With effect from Assessment Yearthe deduction shall be available to all assessees [not just Indian companies]engaged in the business of manufacturing of goods in a factory. In case of Senior citizen- individual can claim up to Rs 80, revised from 60, Remarks Deduction is allowed for the actual bill paid or up to maximum limit i.

Chapter VI-A: Section 80C to 80U to save Income Tax

First if you have only pension income and interest income then you should go for ITR Any sum deposited during the year in SukanyaSamriddhi Account by an individual would be eligible for deduction.

With effect from no deduction shall be allowed in respect of donation of any sum exceeding ten thousand rupees unless such sum is paid by any mode other than cash. At, Does the Bill has service tax mentioned on it. Computation of ‘Net Deducton Income: I am senior citizen 72 years old.

Deduction Under Section 80 C to 80 U ( How to Find Out)

Deduction of Rs 75, revised from Rs 50, can be claimed by individual who is suffering from physical disability. Any sum deducted form salary payable to Govt.

Gross qualifying Amount which is the aggregate of the following…. Erappa September 21, at 5: Your gross income should be less than 12 lacs to be eligible to invest in this scheme. Deduction can be claimed for donation made towards undet, social or statistical research or rural development. I had to pay Rs. Anonymous September 25, at 7: From assessment year onwards the deduction under Section 80D will be available as per the limit specified deductioh Can u guide me.


I am sure this will be helpful to all taxpayers. A residential House property minimum holding period 3 year.


For parents of the assessee: Ydeduction of Rs 5, is allowed for preventive health care check up within the existing limit.

Maximum deduction is Rs. So in our view you should file return on the basis of form 16 and other details related to salary like payslips etc. Remarks It should au noted that individual or spouse or minor child should not have residential accommodation at the place of individual workplace.

Preet Pabla August 21, at