Income Tax Deduction Under Chapter VI A- including 80C for F.Y.2015-16, with Automated Tax Preparation Excel Based Software for All State Employees for F.Y.2015-16

As per the new Finance Budget 2015-16 the some Income Tax Section limit has raised.Given below the all of Income Tax Deduction Under Chapter VI A including the 80C as per the Finance Budget 2015-16.

Here is a unique Income Tax Preparation Excel Based Software which can prepare at a time Tax Compute sheet + Individual Salary Structure + Automatic House Rent Exemption Calculation + Automated Form 16 Part A&B and Form 16 Pat B for the all of State Govt Employees for Financial Year 2015-16.[Click here to Download the Excel Utility]

DEDUCTIONS UNDER CHAPTER VI A FOR F.Y.2015-16
No.
Section
Particulars
Deduction Limit
1
80C
Deduction in respect of Investment in specifies assets
150000/-
2
80CCC
Deduction in respect of contribution to certain pension funds
150000/-
3
80CCD
Deduction in respect of contribution to pension scheme of Central Govt.
150000/-
4
80CCE
Limit on deduction under sections 80C,80CCC,80CCD(1)
150000/-
5
80D
Deduction in respect of medical insurance premium
Individual:25000/-
Senior Citizen:30000/-
6
80DD
Deduction in respect of maintenance including medical treatment of a
disabled person
Severe Disability:100000/-
Others:60000/-
7
80DDB
Deduction in respect of medical treatment
Individual:60000/-
Senior Citizen:80000/-
8
80E
Deduction in respect of interest on loan taken for higher education 
Actual Interest
9
80EE
Additional deduction in respect of interest on loan taken for residential
house property
Rs. 100000/-
10
80G
Deduction in respect of Donations to Certain Funds, Charitable Institutions
50% or 100%
11
80GG
Deduction in  respect of Rent paid
Lower of the following:
i)Actual Rent paid-10%
 of the total income
ii)25% of total income
iii)2000 per month
12
80U
Deductions in the case of a person with disability
Severe Disability:125000/-
Others:75000/-
13
80TTA
Deduction in respect of interest on deposits in savings account
Rs.10000
14
87A
Tax Rebate Rs. 2000/- who’s taxable income below Rs. 5 Lakh
Rs.2000/-

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