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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