11 February 2016
Basic exemption limit is 2,50,000 Investments specified under 80C eligible for 1,50,000 Deduction under section 80D eligible for 25,000 Deduction under section 80CCG Maximum 25000 Investors whose gross total income is less than Rs. 12 lakhs can invest in this scheme. Upon fulfillment of conditions laid down in the section, the deduction is lower of - 50% of amount invested in equity shares or Rs 25,000. Rebate under section 87A Rs.2000 rebate on total tax payable (if your total taxable income is below 5 lakhs only)
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