New equity scheme

Hi

The scheme would allow for income tax deduction of 50% to new retail investors who invest up to 50,000 directly in equities and whose annual income is below 10 lakh. The scheme will have a lock-in period of three years."

If so what is impact on 80 C/schedule VI A dedications in income tax.

Where should we claim this deducation (apart from 100 K deucation or not ?)

Thanks

Srinivas