Income Tax Dependent Benefit Details
Thursday, 24 January 2013
Income Tax 2012-2013 Proof Submission Guidelines -Dependent Benefit Details…
| Section B | Chapter VI A | SECTION | Dependents Eligible for Tax Benefit |
| 1 | Medical Insurance | 80D | Individual, Spouse, Children & Parents |
| 2 | Medical Treatment for Handicapped Dependent | 80DD | Individual, Spouse, Children, Parents, Dependent Brothers & Sisters |
| 3 | Medical Treatment for Specified Disease | 80DDB | Individual, Spouse, Children, Parents, Dependent Brothers & Sisters |
| 4 | Interest on Education Loan | 80E | Individual, Spouse & Children |
| 5 | Donations to Certain Funds, Charitable Institution etc., | 80G | Individual |
| 6 | Deduction in respect of Rents Paid | 80GG | Individual |
| 7 | Permanent Physical Disability including Blindness | 80U | Individual |
| Section C | Section 80C/80CCE | SECTION | Dependents Eligible for Tax Benefit |
| 8 | Pension Policy - 80CCC | 80CC | Individual, Spouse & Children |
| 9 | Provident Fund - PF | 80C | Individual |
| 10 | Voluntary Provident Fund - VPF | 80C | Individual |
| 11 | Life Insurance - LIC | 80C | Individual, Spouse & Children |
| 12 | Public Provident Fund - PPF | 80C | Individual |
| 13 | National Savings Certificate - NSC | 80C | Individual |
| 14 | Infrastructure Bonds - IBOND | 80C | Individual |
| 15 | Tution Fees - TF | 80C | Individual |
| 16 | Mutual Fund - MF | 80C | Individual |
| 17 | Equity Linked Savings Scheme - ELSS | 80C | Individual |
| 18 | Unit Linked Insurance Plan - ULIP | 80C | Individual, Spouse & Children |
| 19 | 5-Yr bank fixed deposits (FDs) | 80C | Individual |
| 20 | Senior Citizen Savings Scheme 2004 (SCSS) | 80C | Individual |
| 21 | 5-Yr post office time deposit (POTD) scheme | 80C | Individual |
| 22 | NABARD rural bonds | 80C | Individual |
| 23 | Interest on NSC | 80C | Individual |
| 24 | Stamp Duty & Registration Charges | 80C | Individual |
| 25 | Home Loan Principal Repayment | 80C | Individual |
| Section D | Housing Loan Details | SECTION | Dependents Eligible for Tax Benefit |
| 26 | Self Occupied Property | 24 | Individual |
| 27 | Let Out Property | 24 | Individual |
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