Total Deduction u/s 80 C12000Total Income Tax9,496
Tax payable/ refundable
Signature of Employee
Deductions under Chapter VI-A
Normal Rates of tax:2008-09
180CInvestment in approved schemes. Maximum eligible1Where the total income does notNIL
Rs 100,000 for 80C + 80CCC + 80CCDexceed Rs.1,50,000/-.280CCCContribution to annuity plans. Maximum eligible amount is Rs2Where the total income exceeds10%
10,000. Maximum eligible amount is Rs 100,000 for 80C +Rs.1,50,000 but does not exceed80CCC + 80CCDRs.3,00,000/-.380CCDContribution to pension scheme by Central Govt employees.3Where the total income exceeds15000+20%
Maximum eligible amount is 10% of Salary. Maximum eligibleRs.3,00,000/- but does not exceedamount is Rs 100,000 for 80C + 80CCC + 80CCDRs.5,00,000/-.480DMediclaim insurance.Maximum eligible amount is Rs 10,0004Where the total income exceeds55000+30%
(Rs 15,000 for Senior Citizen)Rs.5,00,000/-.580DDExpenditure for medical treatment for dependent relative.
Rates of tax for a woman, resident in India and below
Maximum eligible amount is Rs 50,000 (Rs 75,000 for severe
sixty-five years of age:
disability)1Where the total income does notNIL680DDBMedical expenditure for specified diseases. Maximum eligibleexceed Rs.1,80,000/-.
amount is Rs 40,000 (Rs 60,000 for Senior Citizen)2Where the total income exceeds10%780EInterest on educational loan for higher education.Rs.1,80,000 but does not exceed
880GDeduction for donation on the basis of valid receipt fromRs.3,00,000/-.
approved institutions. See IT Act / Rules for allowable deduction3Where the total income exceeds12000+20%980GGDeduction for rent paid where no HRA is received. MaximumRs.3,00,000/- but does not exceed
eligible amount is Rs 24,000. See IT Act / Rules for allowableRs.5,00,000/-.deduction4Where the total income exceeds52000+30%1080GGADonation or contribution to specified organizations. See IT Act /Rs.5,00,000/-.
Rules for allowable deductionCalculate surcharge at 10% on tax payable as per Instructions if
Click on Form 16 sheet to see