Professional Documents
Culture Documents
Basic
HRA
Conveyance
Telephone Reimbursement
MALE FEMALE
Any expenditure incurred for the medical treatment, training and rehabilitation
of a handicapped dependent, or
Any amount paid or deposited under a scheme framed in this behalf by the LIC
or any other insurer or UTI, approved by the Board in this behalf for
maintenance of handicapped dependent.
Such dependent should not have claimed any deduction U/s 80U in
computing his total income.
Amount of interest paid on a loan taken from any financial
institution for pursuing any higher education after senior secondary
examination for himself or for his spouse or children
There is no limit for claiming rebate. Any amount of Interest but not
the principal amount would be allowed as a deduction out of total
taxable income.
Individuals are entitled for deductions under Sec 80G if they have donated to
Approved Funds and Charitable Institutions .
Donations to the following funds will qualify for 100% of the amount donated:
◦ National Defence Fund
◦ Prime Minister’s National Relief Fund
◦ National Illness Assistance Fund
◦ National Sports fund
◦ Maharashtra Chief Minister’s Earthquake Relief Fund
◦ Andhra Pradesh Chief Minister’s Cyclone Relief Fund
◦ Gujarat Relief Fund etc
◦ Any Fund set up by a State Government to provide medical relief to the poor
Donations to the following funds will qualify for 50% of the amount donated:
◦ Jawaharlal Nehru Memorial Fund
◦ Indira Gandhi Memorial Trust
◦ Rajiv Gandhi Foundation
◦ PM Drought Relief Fund
◦ National Children’s Fund
A maximum of Rs. 1,50,000/- can be claimed as an exemption, if
the property is self occupied.
MALE MALE
FEMALE FEMALE
+3% Educational Cess on total tax +3% Educational Cess on total tax
The Maximum limit for severe personal disability and severe dependent
disability (ie. Disability over 80%) has been increased
from
Rs. 75 K
to
Rs. 1 Lac.
Interest on loan taken from any financial institution
for
graduation or post graduation course in engineering,
medicine, management or for post graduate course in
applied sciences or pure science including
mathematics and statistics.
has been amended as