Team Lead
5675 Points
Posted on 09 February 2012
u/s sec 80C of the IT act you can get an maximum deduction of 1lacs. For this you can invest in PPF, LIC, MF's,Tution Fees, principal amount on Home Loan taken.
u/s 80d, you can tax benefit of Rs, 15k & in case of senior citizens upto 20k
u/s 80e if you have tkaen out any education loan on yourself or your relative & then interest paid on hte loan is fully deductible.
In case of home laon takne, the interest upto Rs. 1.5lacs is deductible from the Gross Total Income.
u/s 80CCF you can invest max 20k in infrastructure bons issues by IFCI, LIC etc...
if you have made any donations to any trust then deduction u/s 80G can be availed..
There is an expemtion towards medical reimbursement upto Rs.15k & travelling allowance upto Rs. 9600.