Employee Investment Checklist

(for the purpose of deduction of income tax for the year April 2018 to March 2019)

Sec Ref Description Max Limit (Rs)

Payment towards Life Insurance Policy
Contribution to Public Provident Fund
Contributions to Sukanya Samriddhi Scheme
Subscription to National Savings Certificates (VIII Issue)
Tuition fee - child 1
Tuition fee - child 2
Repayment of Housing loan (Principal Amount)
Five year term deposit with a scheduled bank under Bank Term Deposit Scheme 2006
80C
Deposit under Senior Citizens Savings Scheme Rules 2004
Five year time deposit under the Post Office Time Deposit Rules, 2004 1,50,000
Subscription to units of any Mutual Fund under Equity Linked Savings Scheme, 2005
Contribution to notified unit linked insurance plan of LIC Mutual Fund
Subscription to notified deposit scheme of the National Housing Bank
Contribution to ULIP

80CCC Contribution to notified annuity plan

80CCD (1) Subscription to notified pension fund

80CCD (1B) Contribution to National Pension Scheme 50,000

Medical insurance premium (including preventive health check up - limit-Rs 5000) 25,000
Medical insurance premium (including preventive health check up - limit-Rs 5000) - (Senior Citizen - 60 years or above) 50,000
80D Medical insurance premium for parents (including preventive health check up - limit-Rs 5000) 25,000
Medical insurance premium for parents (including preventive health check up - limit-Rs 5000) - (Senior Citizen - 60 years or above) 50,000
Expenses incurred for maintenance/medical treatment of a dependent who is a person with disability 75,000
80DD
Expenses incurred for maintenance/medical treatment of a dependent who is a person with severe disability 1,25,000
Amount paid for medical treatment of specified disease or ailment 40,000
80DDB Amount paid for medical treatment of specified disease or ailment (Senior Citizen) 1,00,000
Amount paid for medical treatment of specified disease or ailment (Very Senior Citizen) 1,00,000
80E Repayment of Interest on Loan taken for Higher Education -
Deduction for disability - Self 75,000
80U
Deduction for severe disability - Self 1,25,000
Interest repayment on housing building loan used for self occupancy
24(b) 2,00,000
Interest repayment on housing building loan used for let out property