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The aim is to be an aware and an informed citizen of India as when you file your taxes correctly by using all the available deductions; that is the time when you have more money in your pocket and you spend more and it means that Indian economy rolls.
| 1. | Deductions under Sec. 80C (For amounts paid / contributed / invested in Provident Fund, PPF, NSC, Life Insurance, Eligible MFs, Tuition Fee, Repayment of Home Loan etc. - Max. Rs. 1 lac) | |
|---|---|---|
| 2.. | Deductions under Sec. 80CCC (For contributions to certain pension funds) | |
| 3. | Deductions under Sec. 80CCD (For contributions to pension scheme of Central Government) | |
| 4. | Total of Deductions under Sections 80C, 80CCC and 80CCD (Max. Rs. 1 lakh) | |
| 5. | Deductions under Sec. 80CCF for Investment in Infrastructure Bonds (Max. Rs. 20,000) | |
| 6. | Deductions under Sec. 80D (For Health Insurance of parents. If parents are Senior Citizen Rs. 20,000/-, else Rs. 15,000/-). | |
| 7. | Deductions under Sec. 80D (For Health Insurance of parents. If parents are Senior Citizen Rs. 20,000/-, else Rs. 15,000/-). | |
| 8. | Deductions under Sec. 80DD (For maintenance including medical treatment of dependent having disability - Max. Rs. 1 lac.) | |
| 9. | Deductions under Sec. 80DDB (For medical treatment, etc. (Max. Rs. 40,000/-) | |
| 10. | Deductions under Sec. 80E (For interest on loan taken for higher education) | |
| 11. | Deductions under Sec. 80G (For donations to certain funds, charitable institutions, etc.) | |
| 12. | Deductions under Sec. 80GG (For rents paid) | |
| 13. | Deductions under Sec. 80RRB (For royalty on patents) | |
| 14. | Below Deduction must be used which is invariably left out. Deductions under Sec. 80U (For a person with disability - Max. Rs. 50,000, in case of severe disability Rs 1 Lakh. |
