INCOME TAX PLANNING FOR THE FINANCIAL YEAR 201

SL
NO.

a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.

SECTION
80C
PPF(Public Provident Fund)
EPF(Employees Provident Fund)
Five year Bank or Post office Tax saving Deposits
NSC(National Savings Certificates)
ELSS Mutual Funds(Equity Linked Saving Schemes)
Kids Tuition Fees
SCSS(Post office Senior Citizen Savings Scheme)
Principal repayment of Home Loan
NPS(National Pension System)
Life Insurance Premium
Sukanya Samriddhi Account Deposit Scheme
80CCC
80CCD(1b)

80D
24B

80EE

80DD

80U

80DDB

For the purposes of section 80DDB, the following shall be the eligible diseases or ailment

a.
b.
c.
d.
e.
f.
g.
h.

Neurological Diseases where the disability level has been certified to be of 40% and abov
Dementia
Dystonia Musculorum Deformans
Motor Neuron Disease
Ataxia
Chorea
Hemiballismus
Aphasia
Parkinsons Disease
Malignant Cancers
Full Blown Acquired Immuno-Deficiency Syndrome (AIDS) ;
Chronic Renal failure
Hematological disorders
Hemophilia
Thalassaemia
80GG
a.
b.
c.
80G

80E
87A
80TTA

INCOME TAX PLANNING FOR THE FINANCIAL YEAR 2016-2017 (A.Y.2017-2018)

DESCRIPTION

ublic Provident Fund)

mployees Provident Fund)
ar Bank or Post office Tax saving Deposits
ational Savings Certificates)
utual Funds(Equity Linked Saving Schemes)
uition Fees
Post office Senior Citizen Savings Scheme)
al repayment of Home Loan
ational Pension System)
urance Premium
a Samriddhi Account Deposit Scheme
Contribution to annuity plan of LIC
Contribute to Government notified Pension Schemes
Over and above Rs.1,50,000/-

Health insurance premium

Interest On Home Loan

Interest On Home Loan

Loan Taken F.Y.2016-17
Loan amount should be less than Rs 35 Lakh.
The value of the house should not be more than Rs 50 Lakh &
The home buyer should not have any other existing residential house in his name.

Medical treatments of your dependents:

In case 40% Disability-Rs.75,000/In case Severe Disability-Rs.1,25,000/Dependents (Spouce,Parents,Kids,Siblings)
To claim this deduction- Form-10-IA to be submitted.

For Disabled Assesee

In case 40% Disability-Rs.75,000/In case Severe Disability-Rs.1,25,000/-

Treatment of specified critical ailments

purposes of section 80DDB, the following shall be the eligible diseases or ailments:

ogical Diseases where the disability level has been certified to be of 40% and above;

ia Musculorum Deformans
Neuron Disease

ons Disease

ant Cancers
wn Acquired Immuno-Deficiency Syndrome (AIDS) ;
c Renal failure
ological disorders

House Rent Paid

The extent of tax deduction will be limited to the least amount of the following;
Rent paid minus 10 percent the adjusted total income.
Rs 5,000 per month.
25 % of the total income
Donations

Interest On Educational Loan

Income Tax Rebate
Interest on deposits in savings account

NCIAL YEAR 2016-2017 (A.Y.2017-2018)

AMOUNT

REMARKS

150000

50000

No Limit.

25000/30000
200000 Self Occupied
Let Out

50000

dential house in his name.

75000
125000

75000
125000

40000 Self
60000 Dependents (Above 60 Yrs)
80000 Dependents (Above 80 Yrs)

eases or ailments:

of 40% and above;

60000

mount of the following;

In Cash-Rs.10,000/In Other than Cash-No Limit.

NO LIMIT(Till 8yrs)
5000/Tax Liability
10000