For Salary Employees
Investment / Deduction
Code and Limit
|
ITEM CODE |
ITEMS |
PARTICULARS |
MAX Limit |
|
CCG |
DEDUCTION U/S 80CCG |
Rajiv Gandhi Equity Savings Scheme
(Lock In Period 3 Years)
|
25,000
|
|
MEDIN / PHC |
DEDUCTION UNDER CHAPTER - VI A
|
Sec 80D - Medical Insurance Premium
(If the policy covers (Self / Spouse and Chidlren) / Premium paid towards Preventive
Health Check-up. (Maximum deduction allowed U/S 80D = 35000)
|
15,000
|
|
MEDSR / PHC |
Sec 80D - Medical Insurance Premium
(If the policy covers (Dependent Parents) / Premium paid towards Preventive
Health Check-up. (Maximum deduction allowed U/S 80D = 35000) (AGE BELOW 65 YEARS)
|
15,000
|
|
|
MEDSR /PHC |
Sec 80D - Medical Insurance Premium
(If the policy covers (Sr. Citizen Dependent Parents) / Premium paid towards Preventive
Health Check-up. (Maximum deduction allowed U/S 80D = 35000) (AGE
ABOVE 65 YEARS)
|
20,000
|
|
|
SDE1 |
Sec 80DDB - Medical treatment (specified
diseases only)
(Certificate under Form 10 I from competent prescribed authority Medical bills, Exemption of Rs. 40000/- or actual expenditure whichever is lower) (for self or a dependant) |
40,000 |
|
|
SDE2 |
Sec 80DDB - Medical treatment
(specified diseases only)
(Certificate under Form 10 I from competent prescribed authority Medical bills, Where the amount spent is for a senior citizen above 65 years of age then the deduction is Rs 60000.00 or actual expenditure whichever is lower) - (for self or a dependant sr. ciizen) |
60,000
|
|
|
MENTR |
Sec 80DD - Medical
treatment/insurance of handicapped dependant
(Certificate under Form 10 I from competent prescribed authority Where such dependent is a person with severe disability having any disability over 80 per cent, then the deduction is Rs 100000.00) |
50,000
|
|
|
PHDSB |
Sec 80U - Self Handicapped
[(Disability over 80 per cent, then the deduction is Rs 100000.00)]
|
50,000
|
|
|
EDULN |
Sec 80E - Payment of Interest on
higher education Loan taken for (Self
/ Spouse or Child)
|
No Limit
|
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