INCOME TAX Exemption Updates... (For FY:16-17)

 
🔱 80 C:- Max limit
150000/- (MF-ELSS, MF-Pension Plans, Life Ins Premium, One time investment in LI-Immediate Assured Pension Plans, NSC, etc.)

🔱 80CCD:-50000/- (NPS)

🔱 80CCG:- 25000/- or 50% of your investment which every is less

🔱 80D:-25000/-
( Mediclaim Policy for self spouse, children)
🔱 30000/- for dependent parents u/s-80D.                      Medical reimbursement :- 15000/- US 17(2)

🔱 80DDB:- Medical expense occurred on dependent for specified illment

🔱80TTA:-  Up to 10000/- for Interest saving bank account

🔱 Gift tax :-  Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation..            Gift from Blood relation is 100%Exempted...

🔱 Transport allowance :- 19200/- (FY)
C.E.A. :- 2400/- (FY)

🔱 HRA :- as per the calculation

🔱 24(b)  :- 200000/- (home loan interest)

🔱 80G  :- full amount in few selected organisation.              This exemption is 50%

🔱 80GGB.   :- 100% exemption for political parties

🔱 80EE :- unlimited (interest on education loan)....