Tax amount will be deduced for the amount up to Rs 1,00,000
1.Payment of Life Insurance premium for the life of self, spouse or children
2. Contribution by an individual to any approved provident fund
3. Contribution to any provident fund set up by the Central Government (PPF) and notified by it in this behalf in the Official Gazette to the extent of Rs. 70,000 as per the Public Provident Fund Scheme, 1968
4. Contribution by an employee to a Recognized provident fund ( 'RPF' )
5. Contribution by an employee to an approved superannuation fund
6. Subscription to any such security of the Central Government or any such deposit scheme as that Government may, by notification in the Official Gazette, specify in this behalf
7. Subscription to National Savings Certificates (Issue VIII) notified by Central Government
8. Contribution to approved Unit Linked Insurance Plan
9. Subscription to any approved Mutual Fund units (For details on whether the mutual fund is approved can be obtained from the Mutual fund document/ certificate issued by the company, please read the offer document carefully)
10. Payment towards tuition fees for full time education of any 2 children (whether at the time of admission or thereafter) to any university, college, school or other educational institution situated within India but excludes any payment for development fees or donation or payment of similar nature
11. Payment made towards repayment of principal amount in respect of borrowed capital for the purposes of purchase or construction of a residential house property, the income from which is chargeable to tax under the head "Income from house property"
12. Subscription to equity shares or debentures forming part of any eligible issue of capital approved by the Board on an application made by a public company or as subscription to any eligible issue of capital by any public financial institution in the prescribed form
13. Term deposits for a fixed period of not less than 5 years with a scheduled bank
14. Subscription to any deposit scheme of Public sector company or any approved authority which is engaged in providing long term finances for construction or purchase of houses in India for residential purposes
15. Contribution to certain approved pension funds (eligible for a deduction under Section 80CCC)
16. Contribution to pension scheme of Central Government on or after January 1, 2004 (eligible for a deduction under Section 80CCD
2. Contribution by an individual to any approved provident fund
3. Contribution to any provident fund set up by the Central Government (PPF) and notified by it in this behalf in the Official Gazette to the extent of Rs. 70,000 as per the Public Provident Fund Scheme, 1968
4. Contribution by an employee to a Recognized provident fund ( 'RPF' )
5. Contribution by an employee to an approved superannuation fund
6. Subscription to any such security of the Central Government or any such deposit scheme as that Government may, by notification in the Official Gazette, specify in this behalf
7. Subscription to National Savings Certificates (Issue VIII) notified by Central Government
8. Contribution to approved Unit Linked Insurance Plan
9. Subscription to any approved Mutual Fund units (For details on whether the mutual fund is approved can be obtained from the Mutual fund document/ certificate issued by the company, please read the offer document carefully)
10. Payment towards tuition fees for full time education of any 2 children (whether at the time of admission or thereafter) to any university, college, school or other educational institution situated within India but excludes any payment for development fees or donation or payment of similar nature
11. Payment made towards repayment of principal amount in respect of borrowed capital for the purposes of purchase or construction of a residential house property, the income from which is chargeable to tax under the head "Income from house property"
12. Subscription to equity shares or debentures forming part of any eligible issue of capital approved by the Board on an application made by a public company or as subscription to any eligible issue of capital by any public financial institution in the prescribed form
13. Term deposits for a fixed period of not less than 5 years with a scheduled bank
14. Subscription to any deposit scheme of Public sector company or any approved authority which is engaged in providing long term finances for construction or purchase of houses in India for residential purposes
15. Contribution to certain approved pension funds (eligible for a deduction under Section 80CCC)
16. Contribution to pension scheme of Central Government on or after January 1, 2004 (eligible for a deduction under Section 80CCD
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