Deductions From Total Income

Particulars

U/S

2009-10

2010-11

2011-12

2012-13

2013-14

LIC/NSC/PPF/Tution Fees/ULIP/ELSS MF/Bank FDR (5 years)/Housing Loan Repayment/EPF/Stamp Duty on Residential Housing Loan

80C**

100000**

100000**

100000**

100000**

100000**

Pension Fund

80CCC**

100000**

100000**

100000**

100000**

100000**

Long Term Infrastructure Bond

80CCF

-

-

20000

20000

Withdrawn

Mediclaim (Payment by any mode other than cash)

80D#

15000*

15000*

15000*

15000*

15000*

For Senior Citizens the amount of deduction admissible u/s 80D is enhanced to Rs 20,000/-.

*Additional Deduction for any payment of mediclaim for parents Rs. 15,000/- (Rs. 20,000/- if parents are Senior Citizens) (Senior citizen > 60 years w.e.f AY – 2013-14 and 65 years upto AY – 2012-13.

# Preventive health check-up of self, spouse, dependent children or parents upto Rs. 5,000/- included in above limit. (w.e.f FY 2012-13).

Maintenance of Dependent with Disability

80DD

50000/

75000

50000/

100000

50000/

100000

50000/

100000

50000/

100000

Medical Treatment of Dependent

80DDB

40000/

60000

40000/

60000

40000/

60000

40000/

60000

40000/

60000

In case of Sec 80DD and Sec 80DDB, a higher deduction will be allowed where such dependent is a person with severe disability having any disability of 80 % or above.

Interest on Loan for Higher Education

80E

The amount of interest paid during previous year maximum upto 8 AY or until the interest referred is paid in full, whichever is earlier.

Donation

80G

50 % of Donation or (10 % of Adjusted GTI) whichever is lower. No deduction allowed if donation in cash exceeds Rs. 10,000/- w.e.f FY starting 04.01.2013.

Rent paid

80GG

Lower of, (i) Rent paid – 10 % of total adjusted income.

                 (ii) 25 % of the total adjusted income.

                (iii) Rs. 2,000/- per month.

Investment in Equity Saving Scheme

80CCG

50 % of total investment, subject to maximum investment in specified listed Equity Share is Rs. 50,000/- and assesse having GTI not more than Rs. 10,00,000/- in relevant AY.

Person with disability

80U

Rs. 50,000/- in case of a person with disability and Rs. 1,00,000/- in case of a person with severe disability

Interest on deposit in Saving Bank A/c

80TTA

Upto Rs. 10,000/- shall be allowed to Individual and HUF (w.e.f FY 2012-13)

Note:
** U/s 80C, 80CCC and 80CCD [i.e., employee and employer contribution towards Notified Pension Scheme (NPS)] cannot exceed Rs. 1,00,000/- (applicable for the AY – 2006-07 to 2011-12) and from AY 2012-13, the dedudction U/s 80C, 80CCC and 80CCD(1) [i.e., contribution by employee(or any other individual) towards Notified Pension Scheme (NPS) cannot exceed Rs. 1,00,000/-.