80 C : Max limit : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc
80CCD : 50000/- NPS
80CCG : 25000/- or 50% of your investment which ever is less
80D : 25000/- Mediclaim Policy for self spouse, children
80D : 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2)
80DDB : Medical expense occurred on dependent for specific ailments
80TTA : Up to 10000/- for Interest saving bank account
Gift tax : Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation.. Gift from Blood relation is 100%Exempted…
Transport allowance : 19200/- (FY)
Children Education Allowance : 2400/- (FY)
HRA : As per the calculation
24(b) : 200000/- Home loan interest
80G : Full amount in few selected organisation. For rest exemption is 50%
80GGB : 100% Exemption for political parties
80EE : Unlimited (Interest on education loan)
Categories: Personal Finance
very good info….
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Good Info
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