All in one Banking-All about banking just a click away.

List of important sections and maximum deduction permissible under old tax regime

>
Section 80C:
Investments in PF,CPF ,LIC,PPF,ULIP,NSC , NSC Accrued Interest and other admissible deductions
1,50,000.
Section 80CCC:
Deduction in respect of contribution to certain pension funds
1,50,000.
Section 80CCD:
Deduction in respect of contribution to pension scheme of Central Government
2,00,000. (Including 50,000 deduction available u/s 80CCD(1B)
Combined Maximum u/s 80C,80CCC and 80CCD1,50,000.
Section 80CCD(1B)
National Pension Scheme
50,000 ( Over and above the ceiling 1,50,000 under secion 80C,80CCC and 80CCD.)
Section 80D :
Medical Insurance Premium self(age less <60 )
max 25000.
Section 80D :
Medical Insurance Premium self(senior citizen)
max 50000.
Section 80D :
Medical Insurance Premium Parents (age <60)
max 25000.
Section 80D :
Medical Insurance Premium Parents (senior citizens)
max 50000.
Section 80D :
Insurance Premium children
max 25000.
Section 80D :
Aggregate amount of deduction
cannot exceed Rs.1,00,000 in any case U/S 80D
Section 80DD :
Treatment of Physically Disabled Dependent
max 125000 for severe disability
and 75,000 for others
Section 80DDB:
Treatment of Specified Diseases
max 1,00,000 for senior citizen
and 40,000 for others
Section 80E:
Education Loan Interest Paid
Entire amount of interest paid.
section 80U:
Physical disability of tax payer
max 125000 for severe disability
and 75,000 for others
  • The displayed results are indicative in nature and for personal use only.
  • Only important sources of Income and Expenses / Investments are included.
  • Before taking any decision on taxability please refer relevant Rules / Acts or seek the advise of Tax Consultants.
  • Mail your suggestions / comments to ssm_dindigul@yahoo.co.in

  • or send through contact page - "Contact us" ----Subramanian
    Top Home