Particulars |
Taxable/Non-Taxable |
Exemption/Rebate |
Limit |
Taxable Items: |
- |
- |
- |
Basic Pay |
Fully Taxable |
- |
- |
Dearness Pay |
Fully Taxable |
- |
- |
Grade Pay |
Fully Taxable |
- |
- |
Dearness Allowance |
Fully Taxable |
- |
- |
House Rent Allowance |
Fully Taxable |
- |
- |
City Compensate Allowance |
Fully Taxable |
- |
- |
Medical Allowance |
Fully Taxable |
- |
- |
Family Planning Allowance |
Fully Taxable |
- |
- |
Arrear Amount |
Fully Taxable |
- |
- |
Maturity Amount of NSC |
Fully Taxable |
- |
- |
Total amount withdrawn from NSS |
Fully Taxable |
- |
- |
Transport Allowance |
Partially Taxable |
Rebate |
Maximum upto Rs.800 PM |
Children Education Allowance |
Partially Taxable |
Rebate |
Maximum upto Rs.100 PM |
Deductions: |
|
|
|
Less-Allowance U/S 10(13A) Actual Rent Paid |
- |
Exempt |
Actual amount of HRA received or Expenditure on rent in excess of 1/10th of the salary or 50% of Salary, which ever is less Rent Paid |
Interest on HBA U/S 24 |
- |
Deduction |
Maximum Rs.1,50,000 |
Reimbursement of Medical Exp. U/S 17(2)V |
- |
Deduction |
Maximum Rs.15,000 |
U/S 80C |
- |
Deduction |
Maximum Rs.1,00,000 |
Refund of loan taken for the construction of House |
- |
Deduction |
Maximum Rs.1,00,000 |
C.P.F / G.P.F |
- |
Deduction |
Maximum Rs.1,00,000 |
G.I.S |
- |
Deduction |
Actual |
LIC Premium |
- |
Deduction |
Maximum Rs.1,00,000 |
Subscription of N.S.C. / P.P.F |
- |
Deduction |
Maximum Rs.1,00,000 |
Interest Occurred on investment in N.S.C. |
- |
Deduction |
Maximum Rs.15,000 |
C.T.D. / L.I.P. / ULIP (Mutual Fund) |
- |
Deduction |
Maximum Rs.1,00,000 |
Unit Linked Plan |
- |
Deduction |
Maximum Rs.1,00,000 |
Tuition Fee (Limited to 2 children) & (After XII th full time course) |
- |
Deduction |
Maximum Rs.1,00,000 |
5 Years Fixed deposit & 5 years time deposit scheme |
- |
Deduction |
Maximum Rs.1,00,000 |
U/S 80D CCC |
- |
Deduction |
Maximum Rs.10,000 |
U/S 80CCD |
- |
Deduction |
Maximum 10% of BP & DA (Recruited on or after 1.1.2004) |
Medi Claim Premium U/S 80D |
- |
Deduction |
Maximum Rs.15,000 (Other than above Rs.1,00,000) |
Premium paid for Self, Spouse & Children |
- |
Deduction |
Maximum Rs.15,000 (other than above Rs.1,00,000) |
Premium paid for Parents (If parent is not senior citizen) |
- |
Deduction |
Maximum Rs.20,000 (Other than above Rs.1,00,000) |
Premium paid for Parents (If parent is senior citizen) |
- |
Deduction |
Maximum Rs.20,000 (Other than above Rs.1,00,000) |
U/S 80DD |
- |
Deduction |
Handicapped dependents :spouse, son / daughter, parents and brother / sister - Deduction Rs.75,000 to
Rs.1,00,000 |
U/S 80DDB |
- |
Deduction |
Maximum Rs.400,00 (other than above Rs.1,00,000) |
U/S 80E |
- |
Deduction |
Entire amount (Interest on higher Education/Study loans) |
U/S 80 G |
- |
Deduction |
Deduction for contribution to charitable organization |
U/S 80U |
- |
Deduction |
Disability Deduction Rs.75,000 to Rs.1,00,000 |
Tax Relief - Additional savings in Infrastructure Bonds : Rs.20,000 |
CGHS subscription will be exempted u/s 80D |
Comments
krishnamurthy.
Please confirm..... thanks in advance....