Deduction

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Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2013 how much maximum deduction available in chapter vi?
if i got deduction rs.100000/ under 80c.can i claim more deduction of rs 15000/- under 80D and also in 80CCD(2) for rs.10000 i.e.10% of my salary.
i also calculte exemption under 80G rs.5000/-
i also take higher education loan for my daughter interest is rs.45000/- so i claim deduction under 80E (i full fill all critaria)
so can i claim total deduction in chapter vi rs.175000/-

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

04 February 2013 You can't deduction u/s80CCD because of the maximum limit under sections 80C,80CCC & 80CCD aggregate deduction allowable is Rs.100000 only. So you reached it at section 80C. in addition to 80C,80CCC & 80CCD deduction you can claim deduction under section 80D,80G,80GG,80E etc.... upto the maximum limit prescribed under such section(s).

So your eligibility for chapter VIA deductions is as follows:

1)U/S80C Rs.100000/-
2)U/s80D Rs.15000/-
3)U/s80CCD(2) Rs.10000/- Not eligible because maximum limit aggregate of sec 80C,80D & 80CCD is Rs.100000/- you already reached/
4)U/s 80G Rs.5000/- if it is permitted to as per section 80G(i.e assumed you eligible to claim 80G deduction and with in the limit of eligibility)
5)u/s80E Rs.45000/- you said you eligible for such deduction.

So your total deduction under chapter VIA is Rs.165000/-

OM SAI SRI SAI JAI JAI SAI

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