Thursday 21 May 2015

For Salary Employees Investment / Deduction Code and Limit

For Salary Employees
Investment / Deduction Code and Limit
 
ITEM CODE ITEMS PARTICULARS  MAX Limit 
NA DEDUCTION U/S 80C (Max Deduction Rs 1,50,000/-) Employees contribution towards PF  Max Deduction Rs 1,50,000 
PPF Public Provident Fund  (for self or spouse and child only)
LIC  Life Insurance Premium (for self or spouse and child only)
ULIP  ULIP of UTI/LIC  (for self or spouse and child only)
NSC  Investment in NSC - Only Fresh Invsts made in current year 
HLR  Principal Loan (Housing Loan) Repayment for fully constructed property
HSGE  Housing Exp - stamp duty & Registration Fee And Other Expenses Incurred For Transfer Of Property
RPUTI Contribution to Pension Fund or UTI or Notified Mutual Fund
OTI88 Subscription To Notified Equity Linked Savings Schemes (ELSS)(Lock In Period 3 yrs) 
CHEF  Children Tuition Fee: Restricted to a max of 2 Children
LICJS Sec 80CCC - Contribution to Pension Fund
NHB  HSG Bank - Subscription To Specified Deposit Scheme Or As A Contribution To Any Such Pension Fund Set Up By National Housing Bank/UTI (Lock In Period 3 Years) 
CTD Cumulative Term Deposit
DEFN Deferred Annuity ( Life Insurance)
IB Investment in Notified Infrastructure Bonds
FDS Investment in 5 years Fixed Deposit Scheme (Scheduled Bank)
POST Deposit in Post Office Savings Scheme (With 5 year lock in period for self, spouse & children)

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