How to Save tax for FY 2013-14? By Amit Founder - Apnaplan.com AprePlancon) (3 3G Apna Personal Finance Guide!a Peta ee) Aaa fia eed Correos How much tax feet An 7 ri taxes? ort Why did | buy that Insurance thing | feeme tine (orca) Aeon Reon} roi ORAS RC ea NY emesis income? Seema nese (dl can get for my Teeny een ar Ren ete Pen If the above thoughts haunt you, this presentation is for yoHow to Use This Deck? This presentation (deck) is quick and simple "know how” of all tax saving instruments available in India for Individual tax payers accordingly e The focus is to help even the layman to understand tax saving instruments and plan would redirect you to relevant articles on |ApnaPlan.com), & If you seek more details on the topic you can click the boxes next to ERED) .This In case you find have any doubts or feedback, write me back at } apnaplan.com@gmail.com + | hope this helps you to understand the tax saving avenues available to Individual tax payers in India and help you save tax and your hard earned money SM Se atel Pe Recta ote at ne eee ere Rae ApraPlancom) FB EYHow Much Tax you need to Pay? The first step for tax planning is to know how much Tax you need to pay! Income Tax Slabs for FY 2013 - 14 esc) Teese Pirecaenei) Up to Rs. 2 Lakhs lil | Up toRs.25 Lakhs Up to Rs. 5 Lakhs Rs.2—5 Lakhs Rs.2.5 —5 Lakhs Rs.5 — 10 Lakhs = 10 Lakhs. Rs.5 ~ 10 Lakhs Above Rs. 10 Lakhs Above Rs. 10 Lakhs Above Rs. 10 Lakhs rend ST on ee Reece oy See ee OP AUREL eRe EC UUCEULE Tae BOS Sire ee cara Curd Income Tax Calculator for FY 2013-14 (AY 2014-15) — Click on the excel logo to download the Income Tax Calculator Yu should be comected to internet to download this Fill up the relevant details to know your tax liability for FY 2013-14 CED ==) k=) BeuGTax Saving Sections LTA Meee Cee a a tee Tel) Bolae are he UCIT AM cel Oat oa ety goccD Deduction for Income s0ccc (Central G Sere er ee Lot of Options = (Pension Product) EGeeien Recire —" Scheme) Section 80 D Section 80DD — Section 80DDB Section 80U Maintenance & medical “Fmiy sed Barc ‘eatment of disabled T"Bacnel Almen orm Y dependent Deduction Up to Rs Deduction Upto Rs | Deduction Up to Rs Deduction Up to Rs | 40,000 Lakh 60,000, Lakh ‘Continued on next g0c v : prefered Fees Gul,Tax Saving Sections (Contd... Py ey ect fons v Section 80G Section 80GGA ) Section 80GGC Donation to certain charitable funds, charitable institutions, ete, Donations for scientific research or rural development Donation to politcal parties ] Deduction Up to Rs 40,000 Deduction Upto Rs | Lakh cnuneneeow | Section 80E Section 24 Section 80EE Ieee pale on Edvaon rere porte on Homng Ire payable on Howng Loan Neo Limit for Deduction (“Deduction Up to Re 1.5 Lakh for Home Loan and Rs 30,000 for Home Improvement Loan ‘Additional Deduction Up to Rs V Lakh Section 80GG Section 80CCG Section 80TTA For Paying Rent in case of no Rajiv Gandhi Equity Savings Interest received in Saving ] HRA Scheme (RGESS) nk Account Deduction Up to Rs 24,000 Deduction Up to Rs 25,000 (60% of amount invested) Deduction Up to Rs 10,000 ] ApnaPianom) IY SESection 80C/ 80CCC/ 80CCD under sec 80C/80CCC/80CCD il eC z Provident Fund | Public Provident Nt sa — ne 3 (Sieh) hee (css) (for 5Years) A : Pension Plans , Tax Saving Central Govt. 5 ia from Insurance a REN Mutual Funds Employees | if ‘Compar (ELss) Pension Scheme Principal Payment on Home Loan Stamp duty and registration cost, Tuition Fee for 2 of the House ~ ue been explaines in subsequent: ApraPlancom) FB EYDownload the Latest Guide for Saving Tax For FY 2014-15 (AY 2015-16) EEE slccshare | How to Save tax for FY 2014-15? By Amit Founder - Apnaplan.com retin) GS Apna Personal Finance Guide!EPF/VPF (Employee Provident Fund) % EPF is mandatory for salaried employees working for companies with more than 20 employees & Under EPF rules, you need to contribute 12% of your Basic pay + DA to EPF eC a eae Td % You have option to put up to 100% of Basic pay + DA to EPF This is known as Voluntary Provident Fund (VPF) RICO arin Coa cee a Td + The interest earned on EPF/VPF is Tax Free + Money is locked till your retirement + Can take loan against EPF and also do partial + The EPF interest rates are market linked and set by withdrawal under certain conditions EPFO every year + Convenient to invest as the amount is directly + This option is only for salaried employees deducted from salary + The withdrawal of EPF takes time Doki aa Ge ue ea ee eRe aU noo Pena scu nC Cu -aeU hog ee i aed oe) Se ead Oe eet cee Ree raed NTSC Rear ood + In case you change your job. you can transfer the previous EPF to your current employer PF Interest ‘Check EPF o Rates since 1952} |_Balance Online_| [ApnaPlan. PPF (Public Provident Fund) ‘© PPF can be opened at Post Offices, 24 Nationalized Banks and ICICI Bank 4 Has mandatory locking of 15 Years and can be extended further 5 years at a time Oo re Mesa ow eee ara % Minimum Investment of Rs 500 required every year to keep the account active % Interest Rates paid on PPF are market linked onward hence would vary every year. The interest rate is 8.7% since April 1,2013 + The interest earned on PPF is Tax Free + Longer Locking period + After opening the PPF account, investment can be + The PPF interest rates are market linked and hence done online every Year (for some banks) would change every year + Can take loan against PF and also do partial + HUFs and NRis cannot open PPF Account withdrawal + It cannot be attached by court orders + Highest Safety — backed by Govt of India To Ee en er mci Peers tty PPF can be opened on minors name with either parents as guardian ‘The total investment in your PPF and the minor child PPF account (for whom you are Pater eet nese hee rater eo [ApraPlancom) (3 EY (3GNSC (National Saving Certificate) Ca Selena ce eu rd ® Itis available for 5 years (NSCVIIl) and 10Years Tenure (NSC IX) ‘ The interest is market linked and changes every year. Its 8.5% for 5 Year and 8.8% for 10 Years since April |, 2013 ‘© There is no maximum limit for investment in NSC but the deduction is only till maximum of Rs | Lakh u/s 80C You can buy NSC in denominations of Rs 100, 500, 1000, 5000 and 10000 + Certificates can be kept as collateral security to get + The interest earned is taxable loan from banks + You need to go to post office to invest and redeem. + No Tax deduction at source There is no online investment/ redemption facility + The interest accrued for NSC qualifies for Sec 80C * Trust and HUF cannot invest deduction in subsequent years + Highest Safety — backed by Govt of India Pre ACR SE Rese eR O edn tne ee ean Cee re PC CEP) Cree eer ee em hee prelp-cal SNe eee ee tan ence aero ener a B accrued for NSC qualifies for Sec 80C deduction in subsequent years [ApraPlancom) (3 EY (3G[seese=> Tax Saving FD from Banks/ Post Offices. Coe eer ae Pe aU Ss eee a Sed DS ae ee Cee eco eR a Sc + Some banks offer 0.25% to 0.75% additional interest for Senior Citizens and their employees % As of today banks are offering 8.5% -9.5% for general public and 875% - 9.75% for Senior Citizens TEES + Convenient to invest. ICICI Bank offers online + The interest earned is taxable facility for Tax Saving FD + Cannot be withdrawn prematurely + Redemption on maturity comes directly to your + Cannot be pledged to secure loan or as security bank account + High Safety - FD up to Rs! Lakh is insured by RBI Sed nser eM erie Ceneltid Cre ePRas agene ere RR maturity also qualifies for 80C deduction. Its offering 8.4% since April 1, 2013 + You can check Apnaplan.com for updated interest rates for tax Saving FDs across banks + Dont be mislead by banks advertisements about their yield on Tax Saving FDs. Those are manipulative calculations > [ApraPiancm) FEYSenior Citizens Savings Scheme (SCSS) rr ee eh er oe nck cc) Peete tee Pee en ae a anes eer ened Sete OR RM ey 4 The joint account can be opened only with your spouse.. There is no age limit applicable for the joint account eC See Re ee ee No partial withdrawal is permitted before 5 years. The account may be extended for a further period of 3 Years + The interest is paid quarterly to the saving account, + The interest from SCSS is taxable hence can serve as regular income for retired penta eriaee Soni etter reerertmiatyest + Redemption on maturity comes directly to your over Rs 10,000 bank account or through post dated cheques. + NRis and HUF are not eligible to open an account + The SCSS carries a sovereign guarantee for principal and interest payments. So it's the safest investment ote Ue Ne Sete eoP smn eee Sg + SCSS account can be closed after | Year (with penalty) but in case you have availed Sec 80C ee aera See ec SR On Run een a en eae + Any retired Defense Services personnel is eligible for SCSS irrespective of his age [ApraPlancom) (3 EY (3GLife Insurance a se Rn See em ‘© The sum assured on death should be at least 10 times the annual premium “This limit is altered only in special cases of disability (the premium should be 15% or less of sum assured) © Buy insurance only if you have dependents.! Do not buy insurance to save tax! There are plenty of better ways to save taxes Devan astences + Your life insurance should be adequate to replace your income Pe atte ACN ec ee eae Ute + This might vary widely based on your assets, liabilities and situation + Online Term Plans are cheaper than products sold by agents. So if you are comfortable with online purchasing go for it Oe W tr gnu Uses eee Mn eee Bese Cn a a RR eu acu aes aes a Coe CR Oe Sc es eeu cag ee a with Term plans turn out better option than ULIPs *+ The maturity proceeds of life insurance is tax free u/s 10(10)D, subject to certain conditions [Eso] (Tear |[Artioee) SN GGSEC 80CCC > National Pension Scheme (NPS) NPS was introduced in April 2009 and has two types of Accounts ~Tier | and Tier 2 Sawer UCR en Lh Me Ee Leal ete ey CeCe ec te Cee EO a en crc) Salaried employees can claim deduction up to 10% of your salary, which comprises basic + DA, while for self Cee hae eek enon * This is lowest cost Pension plan in the country + The gains on NPS is taxable at withdrawal + You can choose your investment profile based on + The locking is till you are 60 years of age your risk. NPS can invest maximum of 50% in + You can withdraw max of 60% at maturity and have selected stocks. ‘to compulsorily buy annuity for min 40% corpus + On death the entire amounts paid to the nominee Ott eas ett a + NPS can help you save additional tax u/s 80CCD(2) — = ; eee ApPinonm) IGE Helpcul Pen cata rc’ rs :[seme> Equity Linked Saving Scheme (ELSS) PSUR Ta ue es ae a Pe ee) & There is no limit for maximum investment but the maximum deduction you get | Lakh every year The Good adr) cg + The gains on ELSS Fund is Tax Free + The returns are dependent on stock market. So CCM imeim=rie fem with embesuitsten its high risk investment.You might loose money in + Has the shortest locking period of 3 years 3 years + ELSS can be bought and redeemed online Se Sia Oe eu te ea aD Rm SR a and Never choose Dividend Reinvestment option in ELSS as you would not be able to withdraw ot emt SM Renee URS Om} ere ee ees eT You should try to invest directly to fund as this would give you 0.5% to 1% higher returns as compared to when you invest through broker ‘ ae ose r cassenerr|[ owews, |[ApnaPlancom) Fi §SEC 80CCC > Pension Plans from Insurance Companies Wiehe heem aur cri SES ee OR ua eC Ln Uy + Ifyou want to surrender these, you loose a lot in terms of returns SES et aed cs Re ee en Uh hc ec) Peau tad ee eRe eRe eee Ue eRe azueS + Don't invest in pension plans just by seeing their emotional advertisements. They are high cost products and would ruin our retirement planning adres Ae UR aU oe eet BS regen genus |ApnaPlan.comRecommended Books have often been asked books | would recommend for Personal Finance, Below are some of recommendat & RETIRE en mL cE INVEST TRUE 29 irae creas Se Ree Peete erent eet book on retirement planning PRICE eScGeNs lecaereme) Nea aa rive Piet et ony uru” Program logs at Jagoinvestor.com book to understand your cider nm oes Tio you to Amazon.in where you can buy these boo! ‘ApnaPlan.com)) 1aTuition Fee The expenses on tuition fees for maximum of two children is eligible for deduction u/s 80C The maximum deduction available is Rs | Lakh Coe eee ene Ca Ri Lg See Oona nn eo ae ear Coarse Ce nee en esd ec MMe a LR ACT OTN Rg |+ The following expenses are not considered as tuition fees — Development Fee, Transport tt al Lul ene Ret ae on eae eRe a B- This deduction is not available for tuition fees for self or spouse ApnePlancon) FEYStamp Duty & Registration Charges © Stamp duty and registration charges up to Rs | Lalth can be claimed for deduction u/s 80C ‘ The payment should have been made in the same financial year for which the tax is being pai ee ete nee eden os Sen en en UR ees ke ae aio ‘ The payment for stamp duty should have been made from his own funds Poe eee Re i eames arte i) ApmPianem) FIM GGDeduction u/s 80C up to Rs | Lakh Deduction u/s 24 up to Rs 1.5 Lakh ‘Additional Deduction u/s 80EE up to Rs | Lakh % Deduction up to Rs | Lakh is allowed on the principal repayment of the housing loan if the house is self occupied or vacant The house should be registered in the name of assessee. (He should be one of the owners, in case of joint Ce} UU elt ee UCU Les eek eh eee CUR RUM R led Reet ace ie This deduction is available also to people with multiple properties |+ The deduction is only available from the year of possession/ completion of the house + All the benefit of tax u/s 80C will reversed if house property is sold with 5 year from purchase Cine ieteg y) spraPanom) INGEsec24 >| sec soc C 80EE > Home Loan: Interest & Principal ‘ Deduction up to Rs 1.5 Lakh is allowed on the principal repayment of the housing loan in case of single non- eee) Sate Rog te RMR at Rae Ps eee er Rtas See Re sea cece eka) “ The interest paid on housing loan is considered as expense ‘ So broadly speaking the (income — expense) subject to certain conditions is added to your income. % In case the interest paid is more than your rental income, the above calculation is negative and hence a Pree ch caterer Set CeCe CO een ee eee a ey eee a a Oe oR ek Ue ey deduction in 5 equal installments starting from year the construction of the house completes. + All the benefit of tax u/s 80C will reversed if house property is sold with 5 year from Pree ad Potent ise Reber ie err unr Oe ee Res on ee eee a ona CIS) (Gees) j—~- 8908Home Loan: Interest & Principal Additional Deduction on Interest Payment on Home Loan 4 Budget 2013 has added a new section 80EE, which gives additional exemption of Rs | Lakh on payment of PE ee oat ee PA oc cue POEM cee PERE CIE)) PALS UR ce aa a Y The loan should not exceed Rs. 25 lakh The house should not cost more than Rs. 40 lakh Y The borrower should not own any other property at the time of loan sanction CeCe Re a eons ee Ut UEC ae EM atthe es able to exhaust the limit in FY 2013-14, the balance can be claimed in FY 2014-15 aii aa ApnaPlancom) FI §Home Improvement Loan: Interest + Deduction up to Rs 30,000 is allowed on the interest payment for loan taken for Home Improvement + Home improvement Loan can be taken for furnishing of new home or repairing, painting or refurnishing existing nous Ce ee eel ees eet eer % There is no limit of deduction for rented or vacant homes Sa ue Ue ek SU REM e LUC e ole URS ame UR te CoN a etn SR Le ss is aT Re ead + If the loan for acquisition/construction was taken before April |, 1999 - then the combined (interest paid on the loan taken for acquisition/construction and the loan taken for Reece) acme eet ea eR On UCR Roc te ego Re CR ce ua PS ce Ma eu UR Re ee ee Cs ty eect OSes a Se Re ee aan oun ey PcaRecommended Books - 2 have often been asked books | would recommend for Personal Finance. Below are some of recommendations \ FINANCIAL POOR DAD i SixSar any) ROBERT 'T. KiVOs Ce ees Ant IGyetareiot Retr teneyeen eeu ee ee reese ety medalist from Aligarh Muslim Piece aa Ceci) University Cee anaes Ue eae ks uae a et seats Deena nem CTY ing on Books Image would take you to Amazonin where you can buy these books onl I Uscruttinns )) ApraPanom) IMG G to) fSection 80D: Medical Insurance + Premium paid for Mediclaim/ Health Insurance for Self, Spouse, Children and Parents qualify for deduction u/s 80D Se UR Ce ean ERS Ce nS en eer ce ee eat) Sere % An additional deduction of Rs 15,000 can be claimed for buying health insurance for your parents (Rs 20,000 in case of either parents being senior citizens) ¥ This deduction can be claimed irrespective of parents being dependent on you or not Pee ae et sd eee “ HUFs can also daim this deduction for premium paid for insuring the health of any member of the HUF Ponce tet ier nt ees ce Rea eek Bree EM epee Rt ere OPM One each acute checkup for Self, Spouse, dependent Children and Parents. eee Oe oie ers RtSection 80DD: Handicapped Dependents % In case you have dependent who is differently abled, you can claim deduction for expenses on his maintenance and Die eek cen 4 You can claim up to Rs 50,000 or actual expenditure incurred, which ever is lesser: (The limit is Rs | Lakh for severe conditions) 4 Dependent can be parents, spouse, children or siblings. Also the dependent should not have claimed any deduction (red + A severe disability condition is 80% or more of the disabilities + Individuals would need disability certificate issued by state or central government medical Poche ts ty + The life insurance policy should be on the tax payer name, with the disabled person as the Peer iag Seen Ron oes Cee Re Soe e Se) Pee renee mien teehee aes[ssseeeee> Section 8ODDB: Treatment of Certain Diseases © Cost incurred for treatment of certain disease for self and dependents gets deduction for Income tax. For senior citizens the deduction amount is up to Rs 60,000 while for others its Rs 40,000 Dependent can be parents, spouse, children or siblings. They should be wholly dependent on you Chronic Renal failure Diseases Neurological) | Parkinson’s Covered Diseases Disease Malignant Cancers as Hemo| Thalassaemia + A certificate from specialist from Government Hospital would be required as proof for the See etn DUS ee eee aire kr cue rae od eee teeuee Ura cree See ne a a ee Ue Oe eR aay[seeam> Section 80U: Physically Disabled Assesse “ Tax Payer can claim deduction u/s 80U in case he suffers from certain disabilities or diseases. SR ee A OO Rec ne eee oak ea US em ener R eel (80% or more disability) Blindness and Mena Dabs eee | eee | coe Gua E> mien, “red” | impatmene || “dist” |'efatonor | Asta Pay + A certificate from neurologist or Civil Surgeon or Chief Medical Officer of Government Helpful Hospital would be required as proof for the ailment. = | : [ArraPanom) INGE[see > Section 80E: Education Loan % The entire interest paid on education loan in a financial year is eligible for deduction u/s 80E SRR se tee er Rema eon Rect) BOUDRY The loan should be taken for pursuing full time courses only a Ue ee uns ae ee Rees ae Se RL + The deduction is applicable for the year you start paying your interest and seven more years. tk aly Cul Them acs D reo Con Cun Ce un meer ec teeCc 80CCG Rajiv Gandhi Equity Savings Scheme (RGESS) RGESS is a new Tax Saving Scheme which was announced in Budget 2012 to encourage first time investors in Rr cs * Under RGESS, you are eligible for a tax deduction on 50% of the amount invested Cee nes eee SOLOS ea ea EX PLA) CST eee eam Ree ts RGESS allows you to invest directly in stocks which are part of CNX-100 index or BSE- 100 index < Some Mutual Funds and ETFs which invest only in the above companies are also eligible for RGESS Wacken cescH Se a ier dae tO mcs eee Orns ewe Vole wee PLO + have not transacted in the equity or derivate segment till November 23, 2012 OR OCC ereccn Fa oy Se anette Ue Pay[sssseeea> Rajiv Gandhi Equity Savings Scheme (RGESS) RGESS omen Xora ar: + The gains on RGESS Fund is Tax Free + The returns are dependent on stock market, So The returns generated can beat inflation its high risk investment. You might loose money. + Has short locking period *Its complicated for a normal investor + Everything needs to be done through your demat account. So its convenient * As first time investors, it makes sense to either invest in eligible mutual fund schemes or ETFS — Investing directly in stocks is very risky and you can loose money if you select the wrong one BU eee ee EUR aera SLE el eel Lmao tel Halpcal you should assume that your investment in RGESS is locked in for 3 years I recommend investing in the scheme through ETFs, as the tax break gives you a cushion to Tips your prospective losses, if any. Moreover, its those few schemes which have possibility to Pee eT eC Cet (tres Reet > 2) =" Se) aaaDonation to Approved Charitable Organizations 4 The government encourages us to donate to Charitable Organizations by providing tax deduction for the same u/s 806 4 Some donations are exempted for 100% of the amount donated while for others its 50% of the donated amount 4 Also for most donations, the maximum exemption you can daim is limited to 10% of your gross annual income How to Claim Sec 80G Deduction? SE Oe ee ie ee ake Lee Lm rR CL + The receipt should have the registration number issued by Income Tax Dept printed on it how SS ru aes ae et Rare Rec Ra Nn a ne eee + Also the amount donated should be mentioned both in number and words + Only donations made to approved organizations and institutions qualify for deduction era OSCR gee Ue oc nce USCS giving clothes, food, etc is not covered for tax exemptionasm Donation to Political Parties/ Scientific Research CoM oy tered eeu are ROU OCCUR Lec en ce RO excIey ¥ Toa scientific research association or University, college or other institution for undertaking of scientific ered Y Toa University, college or other institution to be used for research in social science or statistical research OAR GE UT eee a rae eR ee ed ¥ Toa public sector company or a local authority or to an association or institution approved by the National Committee, for carrying out any eligible project or scheme ¥_To the National Urban Poverty Eradication Fund set up 4 100% tax deduction is allowed for donation to a political party registered under section 29A of the Representation Ce eal uci 4 The maximum exemption you can daim is limited to 10% of your gross annual income J =e] pete) BOGSSEE TTS Interest on Saving Account Cor cea Ey 8 ae Omura Poets > (FE aan edCoe eos rR rae ha AV acne. cc ee ec co Pecan tJ So Ue MRR asec! Helpful = Cra Ces eee Uns) ApnaPlanom) (3 EYTax on Salary Components an CMe ee Seer ace nest + Basic Salary + Dearness Allowance (DA) + Special Allowance + Band Pay + Bonus + Over time + Arrears + Personal Pay + Food Allowance + Furniture Allowance + Shift Allowance eee eed Terence aaa + Medical Reimbursement up to Rs 15,000 per year + Transport Allowance up to Rs 800 per month (Rs 1600 per month for orthopedic person) + Leave Travel Allowance (LTA) + Vehicle Maintenance + House Rent Allowance (HRA) + Uniform Allowance — Amount up to Rs 24,000 per annum is tax free * Children Education Allowance (Rs.100/ month per Child (Rs.300 for Hostel Expenditure) Max for 2 Children) + Newspaper/Journal Allowance — Amount up to Rs 12,000 per annum is tax free + Telephone Allowance + Meal Coupons > spraPanom) INGEPartially Taxable Salary Components Petes cae. enrncs eet St meet cu nrg Oe eek + 40% (50% for metros) of Basic + Dearness Allowance or + Rent paid (-) 10% of (Basic + Dearness Allowance) \ \ + If the annual rent paid is more than Rs 1.8 Lakh, you need to give PAN Card number of landlord to your employer + In case the landlord does not have PAN Card, he needs to give a declaration for the same oe DE Sie aed ee Veo eet can [oe Renker mci a neee. eis + Ifthe company provides you a car for personal and official purposes and reimburses the fuel, insurance, maintenance and driver's salary the taxable value shall be: ‘case the car is less than equal to 1600 CC - Rs 1,800 per month incase the car is greater than 1600 CC — Rs 2,400 per month OE ane Ree ec cae oe OS eee UC eka) + Rs 1,800 per month (for car less than 1600CC) and. + Rs 2,400 per month (for car greater than 1600CC) + along with Rs 900 for driver salary is tax free Landlord Dedaration iF ni aPartially Taxable Salary Components Meal Coupons + Meal Coupons like Sodexo or Ticket are tax free subject to Rs 50 per meal See ec Cea et an ee Deer oea es On ae eee Pec mes emt eentns SS eC ee de ec Sg ee ee Lee ee ese ey Pores Leave Travel Allowance (LTA) Oe A acd mR Con RR oe en LL Pea gees ee} + The meaning of family’ for the purposes of exemption includes spouse and children and Peete en eee eee ca en + There is no maximum limit of LTA and is decided by employer covered. You cannot claim hotel stay and food bills NY [Fitetcanyou do ityour landlord E= Aton) ANGESEC 80C > Banks for Opening SCSS & PPF » At present, Post Offices, 24 Nationalized banks and one private sector bank are authorized to handle the SCSS and PPF Allahabad Bank IDBI Bank State Bank of Travancore Andhra bank Indian Bank Syndicate Bank Bank of Baroda Indian Overseas Bank UCO Bank Bank of India Punjab National Bank Union Bank of India Bank of Maharashtra State Bank of Bikaner and Jaipur United Bank of India Canara Bank State Bank of Hyderabad Vijaya Bank Central Bank of India State Bank of India ICICI Bank Ltd. Corporation Bank State Bank of Mysore Dena Bank State Bank of Patiala ApraPanom) NGGSec 80G: List of eligible Organizations 100% Exemption Dane ete] oe a Se eee etd 4. Arica (Publie Contsibutions-India) Fund Nee ea Rad Careers eee ete ed ae oe Ci) pee 9. National Blood Transfusion Council Caen Te Rech a Sd eee ate) Peo 13, Chief Minister's or Lt. Governor's Relief Fund aera! 15, National Cultural Fund 16, Gove/ local authority/ institution’ association towards promoting family planning 7, Central Govt's Fund for Technology Development & Application OMe an eed ee Palsy, Mental Retardation & Multiple Disabilities 19. Indian Olympic Association/ other such notified association’ 20. Andhra Pradesh Chief Minister's Cyclone Relied Fund 50% Exemption Eee a National Children's Fund ee eros ce eae ne eee ee Sea ees Cee eee ere eee 0, Udavum KarangalAbout the Author Pa ed ees D2 Co ea Sa ET Cee Cd personal finance blog in India Ore ae Laces en oro SOI ee a see Rt amy ApnaPlan Se ee eer te eed SEL CMM ROL en Cele MLC Prec Deer ter cea er reg Cn <0 acted com BC oe nas Pasralieer cay) ~ Loans - Home, Personal, Gold, Education, etc + Retirement Planning, Money Saving and Smart Shopping Tips ee eras pl SA Perea ay Most Popular FY 2013-14 pe eee Bole esG) a Moccentme Menten) Start now to gain from eemetel ris eet) esThank You! 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