At a glance all deduction under chapter VI A,With Automated All in One Income Tax Preparation Excel Based software for Govt and Non Govt employees for F.Y.2016-17

Chapter VIA List of All Deductions at a Glance

As per the Finance Budget 2016, some of Income Tax Section limit has increased & Modified. Now we are looking below the list of which section limit is increased Under Chapter V A 

Sections	Particulars	Allowed to	Quantum of deduction
80C	Deduction in respect of Life Insurance Premium, Contribution to Provident Fund, etc. Deduction in respect of contribution to certain pension funds	Individual and HUF	Max. Rs.1,50,000
80CCC	Deduction in respect of contribution to certain pension funds	Only individuals	Max. Rs.1,50,000
80CCD	Deduction in respect of contribution to notified pension scheme of Central Government	Salaried employee or self-employed individual	Employer and employee contribution not exceeding 10% of salary in each case. Maximum deduction to an employee or self-employed person for his contribution limited to Rs.1,00,000
80CCD (1B)	New N.P.S. in respect pension scheme	Only Individuals	Max Tax Relief Rs.50,000/- out of U/s 80C Rs.1.5 Lakh
80CCE	Limit on deductions under sections 80C, 80CCC and 80CCD (1), Note the Section 80CCD(2) is a Employer’s contribution to the employees Pension Fund Max 10% or Basic and U/s 80CCD(1B) is out of limit of U/s  80CCE i.e. 1.5 Lakh + 80CCD(2) + 80CCD(1B)	N.A.	Rs.1,50,000 + 80CCD(2) + 80CCD(1B)
80D	Deduction in respect of medical insurance premium	Individual or HUF whether resident or non – resident	In case of individual – Maximum Rs.25,000
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80DD	Deduction in respect of maintenance including medical treatment of dependent who is a person with disability	For senior citizen Individual or HUF resident in India	Addl. Rs.5,000 Rs.50,000 or Rs.1,00,000 in case of a person with severe disability
80DDB	Deduction in respect of medical treatment, etc.	Individual or HUF resident in India	Max.Rs.40,000
80E	Deduction for interest paid on loan	For senior citizen Individual whether resident or not	Addl. Rs.20,000 Actual amount paid
80EE	Deduction in respect of interest on loan sanctioned during the financial year 2016 – 17 for acquiring residential house property	Individual only	Maximum Rs. 1,50,000
80G	Deduction in respect of donations to certain funds, charitable institutions, etc.	All assesses	(a)   100% or 50% of eligible donations, without applying qualifying limit in certain cases

80 GG	Deductions in respect of rent paid,who are not getting the H.R.A. from the employer.	Individual only	(b)    100% or 50% of eligible donations, after applying – Qualifying limit of 10% of adjusted GTI, Maximum Rs.5,000 p.m.
80 TTA	Deduction in respect of interest on deposits in saving accounts	Individual or HUF	Maximum Rs.10,000
80U	Deduction in the case of a person with disability	Resident individuals	Rs.75,000 in case of a person with disability and Rs.1,25,000  in case of a person with severe disability
87A	Tax Rebate, who’s taxable Income less than 5 Lakh	Resident Individuals	Max Rs. 5,000/- from the F.Y.2016-17