DECLARATION FORM FOR CLAIMING INCOME TAX REBATE FOR THE

FINANCIAL YEAR 2015- 2016 (AY 2016-2017)

Name : K.BHARATHI Income Tax PAN (Capital letters) AWEPK4193
Employee No : 21901 Grade M12
Unit / Location : CHRLAPALLY e-mail ID bkandimalla3@gmail.com
Division : R&D Mobile No 9959156219

To : Corporate Taxation, ICOMM Tele Limited, Head Office.

I furnish below the necessary declaration for the payments/investments made by me during the period 1st April , 2015 to 31st March 2016 to enable me to
avail of the tax rebate as per the provisions of the Income Tax Act, 1961 (as amended up to date)

1 Deduction u/s 10(13A) Rebate for House Rent Allowance

Address of my rented premises Name and PAN of Landlord From & To Date No. of Months claimed Rent Per month (Rs.) Total Amount (Rs.)

H.NO 42-506-1-B203,PLOT NO M.PRASADA Apr-15 12 8000 96000

81 &84,SRI SHIRIDI SAI MALLESWARA RAO
ENCLAVE ,GAYATRI
NAGAR,MOULA-ALI,
H.NO 42-506-1-B203,PLOT NO
81 &84,SRI SHIRIDI SAI
ENCLAVE ,GAYATRI
NAGAR,MOULA-ALI, Total Amount
Note : i) Furnish rent receipt for any one month in support of the rent declared above
ii) If the rent has changed during the year please declare the correct rent for each corresponding period with
supporting rent receipt for rent revision.
iii) If you intend to claim the rebate till the end of financial year, please enter the 'to date' as 31st March 2016
iv) Quoting PAN of Landlord is mandatory wherever the rent paid exceeds Rs.1,00,000/- p.a or Rs.8,334/- p.m
In case the landlord does not have a PAN, a declaration to this effect from the landlord along with
the name and address of the landlord should be filed by the employee, else rebate will not be allowed.

2 Rebate u/s 80C / 80CCC / 80 CCD

A Life Insurance Premium / Unit Linked Insurance Plan (ULIP) of UTI or LIC
Name of life insured & Relation POLICY No. Sum Assured Date of Policy Start Date of Maturity Annual Premium (Rs.)
with employee

K.BHARATHI 645795323 300000 1/28/2008 24,464/

Total Amount 0
Note - i) In case of monthly, qtrly , half yearly premium payment, mention the total rebate for the full year which you want to claim
ii) For policies issued before 1st April, 2012 - Rebate allowed is maximum of 20% of Sum Assured
iii) For policies issued after 1st April, 2012 - Rebate allowed is maximum of 10% of Sum Assured
iv) Insurance can be taken for self, spouse or children
v) If the sum assured is not declared in the format above then the rebate will not be allowed
vi) Furnish proof of payment
I hereby confirm that I have already paid the above mentioned premium / I intend to pay the above mentioned premium in the current financial year
if not already due as on the date of giving this declaration

B Public Providend Fund

Bank Name / P.O. Date of Investment Amount (Rs.)

Total Amount
Note - i) Furnish PPF challan / PPF statement / PPF passbook in support of your claim
ii) In case of passbook, it is mandatory to furnish a copy of the cover page of passbook and current deposit amount and date
iii) Income Tax relief will be given only for actual amount invested

C Investment in NSC (NATIONAL SAVINGS CERTIFICATE VIIIth ISSUE & IXth ISSUE)
Name of Holder Certificate No.: Date of Purchase Principal Amount (Rs.)

Total Amount
Note:- i) Rebate will be allowed only if the investment is in the name of employee as the first holder.
ii) Furnish copy of NSC certificate

D Interest on National Savings Certificate (NSC) - VIII ISSUE

Name of Holder Certificate No.: Date of Purchase Principal Amount (Rs.) Interest Amount (Rs.)

Total Amount
Note:- i) Rebate will be allowed only if the investment is in the name of employee as the first holder.
ii) Furnish copy of NSC certificate for Accrued interest

E Housing Loan Repayment

Loan Taken From Date of availing Loan Amount claimed (Rs.)

Note : i) If you are claiming the rebate on housing loan principal etc. for the first time, please submit the sale deed as proof of ownership
ii) In case the sale deed is in regional language, furnish a certified English translated copy of the same or a copy of deed in regional language
along with a self declaration that the house is owned by the employee
iii) Furnish a certificate from bank specifying the principal and interest on loan for current Financial Year (FY 2015-2016)
 iv) Rebate allowed for repayment of Principal amount of Housing Loan / Stamp Duty / Registration Fees for transfer of property

F Notified Annuity Plan (e.g.. New Jeevan Dhara, New Jeevan Akshay, etc.)
Name of the plan Policy No. Date of Investment Amount (Rs.)

Total Amount
Note:- i) In case of monthly, qtrly , halfyearly premium payment, mention the total rebate for the full year which you want to claim
ii) Rebate will be allowed only if the investment is in the name of employee as the first holder.
iii) If the premium frequency is monthly, quarterly or halfyearly, please submit proof of uninterrupted premium paid
from Apr to Nov to establish your intent to pay the remaining installments in current year.
iv) Furnish proof of investment

G Investment under ELSS (EQUITY-LINKED SAVINGS SCHEME) / Tax saving schemes of Mutual Funds
Scheme Name Date of Investment Amount (Rs.)

Total Amount
Note:- i) In case of monthly, qtrly , halfyearly premium payment, mention the total rebate for the full year which you want to claim
ii) Rebate will be allowed only if the investment is in the name of employee as the first holder.
iii) If the premium frequency is monthly, quarterly or halfyearly, please submit proof of uninterrupted premium paid
from Apr to Nov to establish your intent to pay the remaining installments in current year.

H Education Expenses (Tuition fees Up to a maximum of 2 children)

Name of Child Name of Education Institution Standard / Class Amount (Rs.)
M.CHAITANYA NARAYANA GROUP OF EDUCATIONAL INSTITUTIONS INTERMEDIATE 2ND YEAR 139,000
M.PRANAVI NIT ,CALICUT B.Tech 2nd year 36950
Total Amount 175950
Note - i) Only expenses like tuition fees, semester fees, exam fees, library fees, admission fees etc. are allowed.
ii) Payment towards Development fees, donation or capitation fees etc. is not allowed
iii) Expenses should be incurred for full time education and the Institute shall be situated in India. Fees for private tutions not allowed

I Contribution to notified Pension Fund with LICI / UTI / Other Insurance Co.
Name of the plan Policy No. Date of Investment Scheme name Amount (Rs.)

Total Amount

J Tax Saving Bonds ( Eg. NABARD etc.)

Name of the Institution / Instrument Date of Investment Amount (Rs.)

Total Amount
Note:- i) Furnish copy of bond

K Term Deposit for a period of not less than 5 yrs with a Scheduled Bank under Bank Term Deposit Scheme, 2006
Name of Bank Tenure Date of Purchase Amount (Rs.)

Total Amount
Note:- i) Relief will not be considered if the term deposit receipt does not clearly specify that it is under
Bank Term Deposit scheme, 2006 or it does not IT Endorsement by banker extending benefit u/s 80C.
ii) Rebate will be allowed only if the investment is in the name of employee as the first holder.

L 5 year Time Deposit in Post Office

Name of scheme Tenure Date of Purchase Amount (Rs.)

Total Amount
Note:- i) P.O. Recurring deposit do not qualify for rebate
ii) In case of passbook, it is mandatory to furnish a copy of the cover page of passbook.

Grand Total of Investments u/s 80C/ 80CCC/ 80CCD

3 Deduction u/s 80D Medical Insurance Premium

Name of insured Relationship with employee POLICY No. Age of Insured Mode of Payment Annual Premium (Rs.)

Total Amount
I hereby confirm that I have already paid the abovementioned premium / I intend to pay the above mentioned premium in the current financial
year if not already due as on the date of giving this declaration
Note -
i) Maximum deduction of Rs.25,000/- for self, spouse and dependent children
ii) Additional deduction upto Rs.25,000/- for parents whether dependent or not.
iii) Additional Rs.5,000/- in case person for whom the policy is taken is a senior resident citizen i.e., age > 60 years at any time during the year
iv) No rebate allowed if premium paid in cash
v) The premium payment receipt must be in the name of employee.

4 Deduction u/s 80DD Maintenance Including Medical Treatment of Handicapped dependants.

Name of dependent Relationship with employee Severe Disability ? (Y/N) Nature of Expense Amount (Rs.)

Total Amount
Note:- i) Fixed deduction of Rs.75,000/- in case of disability or Rs.1,25,000/- in respect of a person with severe disability
ii) The deduction is allowed only if some expenditure has been incurred. Hence supporting for actual expenditure of any amount shall be furnished
iii) It is mandatory to furnish the certificate of disability in the format prescribed under Income Tax Rules
iv) Dependant means spouse, children, parents, brothers and sisters only.

5 Deduction u/s 80DDB Medical treatment for specific disease in respect of self or dependants
Name of dependent Relationship with employee Severe Disability ? (Y/N) Nature of ailment Amount (Rs.)
 Total Amount
Note:- i) Deduction allowed for amount actually incurred or Rs.40,000 (Rs.60,000 for above 60 years) whichever is less.
ii) Supporting for actual expenditure shall be furnished.
iii) It is mandatory to furnish the certificate of disability in Form 10 - I prescribed under Income Tax Rules
iv) Dependant means spouse, children, parents, brothers and sisters only.

6 Deduction u/s 80E Interest on Loan for higher Education paid during the year
Name of loan beneficiary & Name of Bank Type of Course pursued Date of commencement Amount of Interest (Rs.)
relation with employee of interest payment

Total Amount
Note:- i) Education loan can be taken for Self, Spouse, Child or as a Legal guardian
ii) Please attach the certificate of interest from bank
A certificate showing only EMIs will not be sufficient if the same does not have break up of principal and interest
iii) Deduction is available for 8 financial years starting from the date of commencement of interest payment

I hereby confirm that I have paid all the EMIs for which I am claiming interest benefit u/s 80E and I intend to pay the remaining EMIs in the current FY

7 Deduction u/s 80G Donations to certain funds, charitable institutions etc.

Name of Fund / Scheme Amount (Rs.)

Total Amount
Note:- Rebate accepted only in case donation is eligible for 100% deduction under IT Act like donation to Prime Ministers National Relief Fund,
Chief Ministers Relief Fund & National Defence Fund

8 Deduction u/s 80U Rebate for Physical Disability for Self

Nature of ailment Severe Disability ? (Y/N) Amount (Rs.)

Total Amount
Note:- i) Eligible deduction Rs.75,000/- in case of disability or Rs.1,25,000/- in respect of a person with severe disability
ii) It is mandatory to furnish the certificate of disability in the format prescribed under Income Tax Rules
Note:- i) Your contribution to Provident Fund is already considered as part of rebate u/s 80C.
ii) No correspondence will be entertained if the forms are incomplete / or if the necessary documents are not attached in such cases
Income Tax relief will not be extended

Verification
I HEREBY CONFIRM THAT THIS DECLARATION IS TRUE TO THE BEST OF MY KNOWLEDGE. PROOF OF ACTUAL INVESTMENTS ARE ENCLOSED.

Date 29/01/2016 K.BHARATHI

Place ::Hyderabad Signature of employee

NOTE : ONLY ACCEPT HARD COPY DECLARATION WITH SIGNATURE DON'T SEND US SOFT COPY OF DECLARATIONS
 STATEMENT SHOWING INCOME / LOSS FROM HOUSE PROPERTY FOR YEAR ENDING 31st MARCH 2016
(Under section 192B read with Rule 26B of Income Tax Rules)
Please do not fill this form if the property is still under construction or if you are not one of the owners as per sale deed.
Name : Employee No.
Grade Unit / Location :
e-mail ID Mobile No.

Nature of Occupancy
Particulars Self occupied Let out Deemed to be let out
Full Address of the house
Occupied from date
Occupied to date

Rent per month NIL

Gross Annual Value NIL

(Note : Annual value can not be NIL for let out / deemed to be let out property
Less: Municipal Tax Paid (attach proof) NIL
Net Annual Value (NAV) ----------------- (1)
Less: Deductions u/s 24
(a) Standard deduction (30% of NAV) NIL
(b) Total interest payable on borrowed capital (attach proof)
(i) Purpose of Loan ( Purchase / Construction / Repairs )
(ii) Interest
(iii) 1/5th of accumulated interest for pre-construction period

(Note : Interest on pre-construction period allowed in 5 equal installments. Maximum deduction allowed for
interest on loan taken for acquisition or construction of house which is self occupied is Rs.2,00,000/-. In case
of let out property there is no cap)

Total Deduction -------------------------- (2)

Net Income / (-) Loss from House Property [1-2]

Loan Details
Sl. No. Name and Address of the Lender Date of sanction Date of Purpose of loan Loan Amount
Possession

In case the house is unoccupied but treated as self occupied under IT Act, then please furnish the following confirmation :
(put tick) I hereby confirm that
(i) my residential house could not be occupied owing to my employment and that I am residing at some other place in a
building not belonging to me.
(ii) my residential house is not let out, and
(iii) no other benefit there from is derived by me

In case of Housing Loan in joint names :

(put tick) I __________________________________________________, am holding the above house property in joint name with
my wife / husband against which we have availed housing loan in joint name from M/s
___________________________________________________, wherein I ( am the 1st / 2nd named borrower.

I hereby request you to allow the Income Tax rebate / benefit to the extent of my share of repayment amount for the
financial year 2015-16

I confirm that Rs ……………………….. as principal and Rs ………………………. as interest is payable by me out of the total repayment
of Principal of Rs ……………… and interest of Rs ……………………… during the financial year 1.04.2015 to 31.03.2016 in respect of
the said housing loan taken for construction/ repairs/ acquisition/ reconstruction of the house or flat

Verification

I ……………………………………………………… do declare that what is stated above is true to the best of my information and belief.

Place :
Date: Signature of employee

Note :
1) You must be a sole / joint owner of the house property declared in this form and the construction of house is completed.
No deduction will be allowed in the absence of "completion certificate".

2) Only 1 house can be treated as self occupied

3) In case a house is let out for part of the year and self occupied for balance part then the house shall be treated as let out for the
full year

4) In case a house is let out for part of the year and vacant for balance part then the gross annual value shall be equal to actual
rent received / receivable for let out period.

5) In case of more than one self occupied property, only one house will be treated as self occupied and the others will be treated
as deemed to be let out. Notional rent should be considered as higher of municipal value or fair rental value but restricted to
the Standard rent for deemed to be let out property

6) Loss from interest will be allowed only if the construction is completed and possession of property is taken.

7) If Construction or acquisition is completed after 3 years from the end of financial year in which capital was borrowed then the
maximum interest allowed for a self occupied house is Rs.30,000/- only.

8) Municipal tax is allowed as deduction on payment basis.

9) In case of let out property, proof of receipt of income i.e,copies of lease /rent agreement or rent receipts should be provided

10) In all cases where interest deduction is claimed, a Certificate from bank specifying the principal and interest on loan for
current Financial year.

11) If you are claiming the rebate on housing loan interest for the first time please submit the following documents
1) Computation of Income/Loss from House Property as per this format
2) Proof of payment of Corporation/Municipal Tax/Possession certificate
3) Certificate from bank specifying the principal and interest on loan for current Financial year.
4) Letter of loan disbursement
5) In case the sale deed is in regional language, furnish a certified English translated copy of the same or a copy of deed in
regional language along with a self declaration that the house is owned by the employee
 Statement of particulars of income under heads of income other than "Salaries" for
Deduction of Tax at Source for the year ending 31st March, 2016
(Under section 192B read with Rule 26B of Income Tax Rules)
Name Employee No
Grade Unit / Location
e-mail ID Mobile No.
Particulars Amount (Rs.)

(i) Interest (Including taxable bank interest)

(ii) Other Income (specify):

Aggregate of sub-items (I) to (iii)

Amount of Tax deducted at source on above income
(enclose TDS certificates issued U/s 203)

Verification

I ……………………………………………………… do declare that what is stated above is true to the best

of my information and belief.

Date
Place Signature of the employee
 Leave Travel Assistance (LTA) Exemption Claim Form
(Current Block - 1st Jan 2014 to 31st Dec 2017)
Name K.BHARATHI Grade M12
Employee No : 21901
Unit / Location : CHERLAPALLY e-mail ID bkandimalla3@gmail.com
Division : R&D Mobile No. 9959156219
I hereby declare that I have proceeded on leave and traveled and am claiming LTA exemption
u/s 10(5) of Income Tax Act as per the following details :
Particulars Amount (Rs.)
LTA Received during the year 21,000
LTA exemption claimed

I hereby confirm that I have not claimed LTA rebate for two times in the current block of 4 years from 1st
Jan 2014 to 31st Dec 2017

Travel Details
i) Period of Leave ( From & To)
ii) Date of travel ( onward )
iii) Date of travel ( Return )
iv) Name of Place visited
(Anywhere in India by shortest route)
iv) Details of persons who traveled as per IT eligibility
(Eligible - Self / Spouse / Children / Dependent Parents or dependent brothers or dependent sisters)
Sl. No. Name of passengers Relationship with Mode of Travel Expense Amount (Rs.)
employee
1
2
3
4
5
Verification by employee
(Put tick in appropriate box)
a) I confirm that I had traveled by train by the shortest possible route.
b) I have not traveled by the shortest route. However the A/c first class fare by the shortest route to the
destination is Rs ……………
c) I confirm that I have traveled by air by the shortest and direct route to the destination in economy class
d) I have not traveled by the shortest /direct route in economy class. However the air fare by the shortest
/direct route in economy class is Rs. ………………
e) I confirm that I have traveled by car /hired car/taxi and also confirm that the comparative train fare by
A/C first class for the said route is Rs.
f) I have traveled to …………….. which is not connected by rail. The fare by the recognised public transport
system by the shortest /direct route is Rs. ……………
Signature of employee
Verification by unit HR
This is to confirm that the employee was on leave during the period mentioned in the form above

Verified by HR
Note :
i) Proof of travel i.e., tickets, Receipted copy of Travel Agent’s bill, trip sheet etc., should accompany the claim
ii) Exemption shall be available if the employee is travelling alone or accompanying his family. But, exemption
will not be available if the familiy members are travelling separately without the employee who is on leave.
Thus the employee must accompany the family, at least for one part of the journey, i,e, either at the time of
going on leave or at the time when the family returns from leave, if cost of travel of family members is
declared above
iii) For claiming rebate, the period of leave of the employee must tally with the actual period of travel at
least one way for enabling the LTA claim to be accepted
iv) Leave verification by unit HR is mandatory.
 For A.Y. 2015-16 (Refer Notes)
Income Rate (%)
Up to ₹ 250,000* NIL
₹ 250,001 to ₹ 500,000 10%
₹ 500,001 to ₹ 1,000,000 20%
Above ₹ 1,000,000 30%

Notes:

i. * Threshold limit for a resident individual who is of the age of

60 years or more but less than 80 years and for a resident
individual who is of the age of 80 years or more will be ₹
3,00,000/- and ₹ 5,00,000/- respectively.

ii. Surcharge of 10% applicable, if total income exceeds ₹

1,00,00,000/-.

iii. Education Cess @ 2% and Secondary and Higher education

cess @ 1% leviable on tax.

iv. Rebate of ₹ 2,000/- from tax if taxable income is below ₹

5,00,000/-.

v. Marginal relief available.

 D
Section Assessee
1 2
A. Important Deductions from Gross Total Income
80C Individual/HUF
80CCC Individual

80CCD Individual who is an employee

employed by the Central
Government or any other employer
on or after 1.1.2004, / any other
individual (self-employed) w.e.f.
A.Y. 2009-10

80CCF Individual/HUF

80CCG Resident Individual

80D Individual/HUF
80DD Individual/HUF (Resident)

80DDB Individual/HUF (Resident)

80E Individual

80EE An Individual

80G Any Assessee [except u/s. 80G (2)

(c)]
80G Any Assessee [except u/s. 80G (2)
(c)]

80GG Any Assessee [other than having

any income falling u/s. 10(13A);
i.e., House Rent Allowance].

80GGA Any Assessee other than an

assessee whose Gross Total
Income includes income
chargeable under the head 'Profits
and Gains of Business or
Profession’.
80GGB Indian Company

80GGC (w.e.f.22-9- Any Assessee [Except local

2003) authority and artificial juridical
person wholly or partly funded by
the Government]
Eligible
Section
undertaking/enterprises
1 2
80-IA 1 Infrastructure enterprise :
business of (i) developing, (ii)
operating and maintaining, or (iii)
developing, operating and
maintaining any – infrastructure
facility — i.e., road including toll
road, bridge, airport, port, inland
waterway, inland port or
navigational channel in the sea,
rail systems, highway project
including housing or other
activities being an integral part of
the highway project, water
treatment/water
supply/irrigation/sanitation/sewera
ge/solid waste management
systems.

2 Telecommunication undertakings
: basic or cellular, radio paging,
domestic satellite service or
network of trunking and electronic
data interchange services,
broadband network & internet
services.

3 Industrial parks including

Special Economic Zone :
undertakings that a. develops; b.
develops and operates; or c.
maintains and operates a notified
industrial park or a notified SEZ.

4 Power undertakings : –
undertakings engaged in a.
generation; or b. generation and
distribution of power.
– undertakings engaged in
transmission or distribution (only
profits derived from laying of such
network of new lines) – undertakes
substantial renovation and
modernisation (i.e., increase in
book value of plant & machinery
by 50% as compared to book value
as on 1-4-2004) of existing
transmission or distribution lines
as defined in Explanation to sec.
80-1A(4)(iv)(c)

5 Undertaking owned by an Indian

company and set up for
reconstruction or revival of a
power generating plant: a) Indian
company should be formed before
30-11-2005 and notified by
Central Government before 31-12-
2005; b) Undertaking should begin
to generate or transmit or
distribute power before 31-3-2007.
Note : 1) All the assessees
claiming benefit under 80-IA is
required (including companies and
co-operative societies) to furnish
separate Audit Report in Form No.
10CCB u/s 80-IA w.e.f. A.Y. 2003-
04. 2) The assessee needs to
comply with the conditions
stipulated in sub-sections (3), (4)
and (7) of section 80-1A. 3)
Explanation below sub-section
(13) is substituted retrospectively
with effect from 1-4-2000 to
clarify that the section shall not
apply to business in the nature of
works contract awarded by any
person including the Central &
State Governments executed by
the undertaking or enterprises.
 6 Any undertaking carrying on the
business of laying and operating a
cross country natural gas
distribution network, including
pipelines and storage facilities
being an integral past of such net
work which has started or starts
operation on or after 1-4-2007.
Note : 1) All the assessees
claiming benefit under 80-IA is
required (including companies and
co-operative societies) to furnish
separate, Audit Report in Form
No. 10CCB u/s 80-IA w.e.f. A.Y.
2003-04. 2) The assessee needs to
comply with the conditions
stipulated in sub-sections (3), (4)
and (7) of section 80-1A. 3)
Explanation below sub-section
(13) is substituted retrospectively
with effect from 1-4-2000 to
clarify that the section shall not
apply to business in the nature of
works contract awarded by any
person including the Central &
State Governments executed by
the undertaking or enterprises.

80-IB 1 Industrial Undertakings :

a) other than clauses (b), (c) & (d)

b) SSI U/Cold Storage other than

(c) & (d) below
B. REBATES
87A Resident Individual

88E All assessees

C. TAXABILITY OF ITEMS ALLOWED AS DEDUCTIONS IN EARLIER YEARS

Section Assessee
1 2
80CCA Individual HUF
80CCB Individual HUF

80CCG Individual

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 Deductions and Rebates
Qualifying Payments/Income
3
ncome
1. LIP; (restricted to 20% of actual capital sum assured for policies taken before
1.4.2012 and for policies taken on or after 1.4.2012 restricted to 10% of actual capital
sum assured. However, in case of policy issued on or after 1.4.2013 for insuring the
life of any person who is – (a) a person with disability or a person with severe
disability as referred to in S. 80U; or (b) suffering from disease or ailment specified
in the rules made u/s 80DDB, the premia can be up to 15% of the sum assured
instead of 10%.).

2. Assessee’s own contri-bution to – (a) PF, (b) Superannuation Fund, (c) PPF, (d)
RPF.

3. Contribution by a Government employee for securing deferred annuity or making

provision for his spouse and children.

4. Contribution to ULIP of UTI or LIC Mutual Fund’s Dhanraksha 1989.

5. Subscription to NSC VIII Issue.

6. Deposits under notified deposit scheme or notified pension fund set up by National
Housing Bank.

7. Housing Loan repayments and certain payments for purchase / construction of a

residential house property.

8. Subscription to notified schemes of- (a) public sector companies engaged in

providing long-term finance for purchase/construc-tion of houses in India for
residential purposes; (b) Authority constituted under any law for satisfying need for
housing accommodation or for planning, development or improvement of cities,
towns and villages, or for both.

9. Payment to effect or keep in force a contract for notified annuity plan of LIC or of
any other approved insurer.

10. Units of Mutual Fund or UTI.

11. Contribution to notified Pension Fund set up by Mutual Fund.

12. Tuition Fees (not donation or development fees) towards full time education of
any 2 children of an individual paid to university, college, school or other educational
institution situated in India.

13. Investments in shares or debentures of approved public company exclusively

engaged in infrastructure facility or power sector.

14. Investments in units of notified mutual fund investing in approved public cos. as
in 13 above.

15. Term Deposit with scheduled bank.

16. Deposit in Senior Citizen Savings Scheme, 2004.

17. Five year time deposit in an account under Post Office Time Deposit Rules, 1981.

18. Subscription to notified bonds issued by NABARD.

19. Subscription to any notified security or notified deposit scheme of the Central
Government.
Payment made out of taxable income to LIC or to any other approved insurer under
approved Pension Plan.

Amount paid or deposited in his account under a pension scheme notified by the
Government.

Amount paid or deposited, during the previous year, as subscription to notified long-
term infrastructure bonds.

Amount invested in (a) acquiring listed equity shares, or (b) acquiring listed units of
an equity oriented fund (w.e.f. 1.4.2013) as may be specified, under a scheme to be
notifed by the Central Government. Equity Oriented Fund shall have the meaning
assigned to it in Explanation to S. 10(38).
In case of an Individual - 1 Aggregate of -

(a) Premia paid out of taxable income to approved scheme of GIC (Mediclaim,
Bhavishya Arogya) or any other approved insurer to insure the health of assessee or
his family; and

(b) Contribution made to Central Government Health Scheme (w.e.f. AY 2011-12);

(c) Contribution to made to such other notified scheme (w.e.f. AY 2014-15);

(d) Payments made (subject to a maximum of ₹ 5000) on account of preventive

health check up of the assessee or his family (w.e.f. AY 2013-14) 2 Premia paid to
insure health of the parent or parents of the assessee. 3 Payments made (subject to a
maximum of ₹ 5000) on account of preventive health check up of the parent or
parents of the assessee. In case of HUF – Premia paid out of taxable income to
approved scheme of GIC (Mediclaim, Bhavishya Arogya) or any other approved
insurer to insure the health of any member of the HUF.
1. Expenses incurred for Medical Treatment (including Nursing), Training &
Rehabilitation of a dependent with disability).

2. Amount paid/deposited under any scheme framed by LIC/UTI / approved

insurer/administrator (now known as Specified Company), for payment of annuity or
lump sum amount for the benefit of dependent being a person with disability.

Amount actually paid for medical treatment of such disease or ailments as may be
specified.
Payment (out of taxable income) of interest on loan taken for pursuing his own
higher education or higher education of his relative (w.e.f. A.Y. 2008-09).

Interest payable on loan taken by the assessee from any financial institution.

Donations for charitable purposes specified in S. 80G(2).

Donations for charitable purposes specified in S. 80G(2).

Expenditure incurred towards payment of rent in respect of furnished or unfurnished

accommodation occupied for his own residence.

Payments made for scientific research or research in social science or statistical

research or for carrying out any programme of rural development or implementing
programme of rural development or for eligible project / scheme. Payment should be
made to scientific research association, university, college or other institution or to
Rural Development Fund or to National Urban Poverty Eradication Fund or to public
sector company, or to local authority or to an association or institution for carrying
out eligible scheme or project referred in sec. 35AC.
Any sum contributed, in the previous year, to any political party or an electoral trust.

— do —

Date of Commencement
3
After 1.4.1995

1.4.1995 to 31.3.2005

In case of an industrial park 1.4.1997 to 31.3.2011. In case of a SEZ 1.4.1997 to

31.3.2006.

1.4.1993 to 31.3.2017
1.4.1999 to 31.3.2017 1.4.2004 to 31.3.2017

Up to 31.3.2011 Up to A.Y. 2009-10

 Up to A.Y. 2009-10

1.4.1991 to 31.3.1995

1-4-1995 to 31-3-2002

Total Income does not exceed ₹ 5,00,000.

Business income arising from Taxable Securities Transaction.

S DEDUCTIONS IN EARLIER YEARS

Taxable Event
3
– Withdrawal of principal and/or interest on NSS Account.

– Bonus received on annuity plans of LIC notified u/s. 80CCA.

– Annuity or surrender value received in respect of such notified annuities.

– Receipt of whole or part of amount invested either on repurchase of notified units
or on termination of the plan.

Assessee fails to comply with any condition specified in 80CCG(3) {see column 4
against the deduction 80CCG under the heading Important Deductions under Chapter
VI-A}
Deductions and Rebates
Conditions/Incidents Qualifying Amt
4 5

1. LIP/PPF/ULIP of self, spouse, children (including minors) or Payments mentioned in column 3

members of HUF. subject to limits and conditions
mentioned in columns 3 and 4.

2. In calculating the actual capital sum assured the following shall

not be considered – (i) value of any premiums agreed to be returned;
(ii) bonus or otherwise which is to be or may be received under the
policy by any person. PF contribution not to exceed 1/5th of salary.

3. Land cost for residential house also qualifies.

4. Stamp duty, registration fee and other expenses for the purpose of
transfer of such house property to the assessee qualify for deduction
under this section.

5. House should not be transferred for 5 years.

6. Term Deposit mentioned at Point 15 would be for a fixed period of

not less than five years and as per scheme to be notified by Central
Government.

7. Shares and Debentures mentioned at Point No. 13 in previous

column will have lock-in-period of three years.

8. No exemption should be claimed in respect of same investment

u/s. 54EA/54EB/54EC.

9. Sum paid/invested need not be out of current year's chargeable

income.

10. Payments referred to in Clauses (i) to (vii), Clauses (xii) to (xiii),

Clauses (xiiic) to (xiva) & Clause (xv) of sub-section (2) of section
88 shall be eligible for deduction under corresponding provision of
this section.
11. Where in any previous year an assessee - A) terminates insurance
contract by notice to this effect or where contract ceases due to
failure to pay premium by not reviving insurance contract – (a) in
case of single premium policy within 2 yrs. after the date of
commencement of insurance; (b) in any other case before premium
has been paid for 2 yrs.; OR B) terminates his participation in any
ULIP referred in Clauses (x) & (xi) of sub-section (2), by notice to
that effect or where he ceases to participate by reason of failure to
pay any contribution, by not reviving his participation, before
contribution in respect of such participation have been paid for 5
yrs.; OR C) transfers the house referred to in Clause (xviii) of sub-
section (2) before the expiry of 5 years from the end of the financial
year in which possession of such property is obtained by him or
receives back, whether by way of refund or otherwise, any sum
specified in that Clause; then – (I) no deduction shall be allowed to
the assessee – (1) with reference to any sum referred in Clauses (i),
(x), (xi) & (xviii) of sub-section (2), paid in such P.Y. (II) the
aggregate amt. of the deduction of the income so allowed in respect
of P.Y. or yrs. preceding such P.Y. shall be deemed to be the income
of the assessee in the P.Y. and shall be liable to tax in the A.Y.
relevant to such P.Y.

12. If any equity shares, or debenture with reference to the cost of

which deduction under this section has been allowed are sold or
transferred by the assessee to any person at any time within 3 yrs.
from date of acquisition the amt of deduction in respect of income so
allowed shall be deemed to be income of assessee in P.Y. in which
such sale or transfer has taken place and he shall be liable to pay tax
in A.Y. relevant to such P.Y.

13. If the assessee withdraws any amount including interest accrued

thereon from an account under Senior Citizen’s Savings Scheme or
under Post Office Time Deposit Rules within expiry of 5 years from
the date of its deposit, the amount withdrawn shall be deemed to be
the income of the assessee in the previous year in which the amount
is withdrawn except in the case of death when the said amount is
received by the nominee or the legal heirs. Effective from A.Y. 2008-
09 the amount of interest withdrawn will not be taxable in the year of
withdrawal if the same has been included in the total income of the
assessee of an earlier year.
1. Where amount paid or deposited has been taken into account for Amount paid for the purpose
the purposes of this section then with reference to such amount – (i) mentioned in column 3.
Rebate shall not be allowed u/s. 88 up to A.Y. 2005-06; and (ii)
Deduction shall not be allowed u/s 80C w.e.f. A.Y. 2006-07.

2. Pension received or amount withdrawn by the assessee or his

nominee is taxable in the year of receipt.

3. The plan should be for receiving pension from a fund referred to

in S. 10(23AAB).

4. The amount of interest or bonus accrued or credited to the

assessee’s account is not to be regarded as amount paid.
1. Rebate is allowable u/s. 88 up to A.Y. 2005-06. In case of an assessee who is employed
Lower of – (a) amounts paid or
2. Deduction is allowable u/s. 80C w.e.f. A.Y. 2006-07. deposited in his account as mentioned
in column (3); or (b) 10% of salary. In
case of an assessee who is not
3. Pension received or amount withdrawn by the assessee or his
employed, Lower of – (a) amounts
nominee is taxable in the year of receipt.
paid or deposited in his account as
mentioned in column (3); or (b) 10%
4. Contribution by the employer to the notified pension scheme is of his GTI.
deductible in the hands of the concerned employee in the year in
which contribution is made. However, no deduction is available in
respect of employer’s contribution which is in excess of 10% of the
salary.

5. If deduction is claimed u/s 80C, in respect of the same investment

deduction is not available u/s 80CCD.

6. For the purpose of point 4 mentioned above, salary includes

dearness allowance, if the terms of employment so provide, but
excludes all other allowances and perquisites.
Deduction under this section is available w.e.f. AY 2011-12. Amount paid or deposited, during the
previous year, as subscription to
notified long-term infrastructure
bonds.
(i) GTI of the assessee for the relevant asst year shall not exceed ₹ Amount invested, during the previous
12 lakhs (up to AY 2013-14 it is ₹ 10 lakhs); year, in acquiring shares or units
mentioned in column (3).
(ii) Assessee is a new retail investor as may be specified under the
scheme referred to in sub-section (1);

(iii) Investment is made in such equity shares or such units (w.e.f. 1-

4-2013) as may be specified under the scheme;
(iv) Investment is locked-in for a period of 3 years from the date of
acquisition in accordance with the scheme;

(v) Such other conditions as may be prescribed.

1. Any sum paid on account of preventive health check-up may be Amounts paid for the purposes
paid by any mode including cash. However, sums paid as premia to mentioned in column 3.
insure health or contribution to CGHS can be made by any mode
other than cash.

2. w.e.f. AY 2009-10 in case premia is paid for senior citizen the

maximum deduction of

` 15,000 stands increased to

` 20,000.

3. 'Family’ means the spouse and dependant children of the assessee.

4. w.e.f. AY 2013-14, 'Senior citizen’ means an individual resident in

India who is the age of sixty years or more at any time during the
relevant previous year. For earlier assessment years the age limit was
sixty five years instead of sixty years.
1. For meaning of the word ‘disability’ reference is to be made to —
Sec. 2(i) of the Persons with Disabilities (Equal Opportunities,
Protection of Rights and Full Participation) Act, 1995 (PDEOPRFP),
and sections 2(a), (c) and (h) of the National Trust for Welfare of
Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple
Disabilities Act, 1999 (NTWPACPMR MD Act). Disabilities
covered are blindness, low vision, leprosy-cured, hearing
impairment, locomotor disability, autism, cerebral palsy, multiple
disability, mental retardation and mental illness. (Defined in Expln.
(f) to sec. 80DD).

2. Under PDEOPRFP Act, a person with disability means a person

suffering from not less than 40% of any disability and severe
disability means 80% of one or more of such disability.

3. A certificate in prescribed form and manner from medical

authority as defined in Expln. (e) to sec. 80DD, stating the extent of
disability and the validity of period, is required to be submitted with
the Return of Income. On expiry of the certificate a reassessment of
the condition of disability is required to be done.

4. Nomination can be either in favour of disabled dependent or any

other person or a trust in case of investment in scheme.

5. If the disabled dependent predeceases the individual or the

member of HUF in whose name subscription is made then the entire
amount paid/deposited in scheme will be treated as taxable income in
the year of receipt.

6. Handicapped dependent has been defined in Expln. (b) to sec.

80DD.

7. “Person with disability” is defined in Expln. (f) and “Person with

severe disability” is defined in Expln. (g) to sec. 80DD.

8. Medical authority is defined in Expln. (c) to section 80DD.

9. The dependent should not have claimed deduction u/s 80U.

1. In case of an individual deduction is available for expenses on self Amount actually paid for medical
or dependent. In case of HUF deduction is available for expenses on treatment of specified disease or
a member of HUF. ailments on assessee or dependent or
member of HUF.

2. Assessee is required to furnish along with the return of income a

certificate in prescribed form from a neurologist, an oncologist, a
urologist, a hematologist, an immunologist or such other specialist as
may be prescribed, working in a Government Hospital.
3. Refer to Explanation to Section 80DDB for definitions of relevant
terms.

4. w.e.f. AY 2013-14, 'Senior citizen’ means an individual resident in

India who is the age of sixty years or more at any time during the
relevant previous year. For earlier assessment years the age limit was
sixty five years instead of sixty years.
1. The loan should be from an approved charitable institution Payment of interest on loan taken for
notified u/s. 10(23C)/referred to in S. 80G(2)(a)/a banking pursuing higher education.
co./notified financial institution.

2. Higher education includes any course pursued after passing Senior

Secondary Examination or recognised equivalent examination.

3. Deduction is available in the initial assessment year and seven

assessment years immediately succeeding the initial assessment year
or until the interest is paid in full whichever is earlier.

4. Initial assessment year is the assessment year relevant to the

previous year in which the assessee starts paying interest on the loan.

5. Relative in relation to an individual means the spouse and children

of that individual.
1. The loan should be taken for the purpose of acquisition of a Lower of – (a) Amount of interest
residential house property. referred to in column 3; or (b) ₹
1,00,000.

2. The loan should be sanctioned by the financial institution during

the period financial year 2013-14.

3. The sanctioned amount of such loan is up to ₹ 25 lakhs.

4. The value of the residential house property is up to ₹ 40 lakhs.

5. The assessee does not own any residential house property on the
date of sanction of the loan.
1. Donations should not be in kind. Amount of Donations, not exceeding
10% of GTI (As reduced by other
deductions). In certain cases this limit
does not apply. Please see S. 80G(4).
 Amount of Donations, not exceeding
10% of GTI (As reduced by other
deductions). In certain cases this limit
2. If paid out of another year’s income or out of income not does not apply. Please see S. 80G(4).
includible in the assessment of the current year the deduction still
available [Lt. F. No. 45/313/66-ITJ(61) dt. 2-12-1966].

3. w.e.f. AY 2013-14, donations exceeding

` 10,000 shall qualify for deduction only if such sum is paid by any
mode other than cash.
1. This section does not apply where residential accommodation is Expenditure in excess of 10% of his
owned by assessee, his spouse, minor child or by HUF at a place total income incurred for the purpose
where assessee ordinarily resides or performs the duties of his office mentioned in column 3.
or employment or carries on his business or profession.

2. This section does not apply where the assessee owns residential
accommodation at any other place, annual value of which has been
computed u/s 23(2)(a) or 23(4)(a).

3. Assessee to submit a declaration in Form No. 10BA with the

Return of Income.

4. Total income means Gross Total Income as reduced by (a) Long

Term Capital Gains;

(b) Short Term Capital Gain taxable u/s 111A @ 15%;

(c) income referred to in S. 115A; and

(d) Amount deductible under Ss. 80C to 80U (except 80GG).

1. Donee should be approved u/s. 35 or 35CCA or 35AC. The Aggregate of amounts paid for the
deduction to which the assessee is entitled in respect of research purposes and to the persons mentioned
association, university, college or other institution shall not be denied in column 3.
merely on the ground that after payment of such sum the approval
granted to the association has been with drawn. w.e.f. 1-4-2007. The
deduction to which the assessee is entitled in respect of programme
of rural development shall not be denied merely on the ground that
after payment of such sum the approval to the programme has been
withdrawn. w.e.f.

1-4-2007. The deduction to which the assessee is entitled in respect

of programme of rural development shall not be denied merely on
the ground that after payment of such sum the eligibility has been
withdrawn w.e.f. 1-4-2007.

2. Payments in respect of which deduction has been claimed under

this section do not qualify for deduction under any other provision of
the Act for the same or any other assessment year.

3. w.e.f. AY 2013-14, donations exceeding ₹ 10000 shall qualify for

deduction only if such sum is paid by any mode other than cash.
1. For the meaning of term ‘contribute’, refer to Explanation to Amount of Contribution
section 80GGB. 2. For the meaning of term ‘political party’, refer to
Explanation to section 80GGC. 3. Contributions to an electoral trust
qualify for deduction w.e.f. A.Y. 2010-11. 4. w.e.f. A.Y. 2014-15 the
contributions made in cash will not qualify for deduction.

1. For the meaning of term 'political party', refer to Explanation to Amount of Contribution.
section 80GGC. 2. Contributions to an electoral trust qualify for
deduction w.e.f. A.Y. 2010-11. w.e.f. A.Y. 2014-15 the contributions
made in cash will not qualify for deduction.

Conditions/Incidents
4
Infrastructure facility, starts providing Telecommunication Service or Developing an Industrial Park or
Developing a Special Economic Zone or Generates Power or commences Transmission or Distribution of
Power or undertakes substantial renovation and modernisation of the existing trans mission or distribution
lines, now it will also be available to an undertaking which lays and begins to operate cross country natural
gas distribution network w.e.f. 1-4-2008; i.e., A.Y. 2008-09.

The benefit of section 80-IA shall not be available to an amalgamated or demerged entity after 1-4-2007.

80-IA benefit will not be available to a person who executes a works contract w.e.f. 1-4-2000.

In case there is a transfer of goods or services from eligible business to any other business or vice versa and
in either case the consideration for such transfer as recorded in the accounts of the eligible business does not
correspond to the market value of such goods or services as on the date of transfer then for the purposes of
the deduction under this section, the profits and gains of eligible business shall be computed as if the transfer,
in either case, had been made at the market value of such goods or services as on that date. “market value” in
Where it appears to the AO that, owing to the close connection beween the assessee carrying on the eligible
business to which this section applies and any other person, or for any other reason, the course of business
between them is so arranged that the business transacted between them produces to the assessee more than
ordinary profits which might be expected to arise in such eligible business, the AO shall, in computing the
profits and gains of such eligible business for the purposes of deduction under this section, take the amount
of profits as may be reasonably deemed to have been derived there from. Provided that in case the aforesaid
arrangement involves a specified domestic transaction referred to in S. 92BA, the amount of profits from
such transaction shall be determined having regard to arm’s length price as defined in S. 92F(ii).
25% (30% for Cos.) First 10 A.Ys.

Proof of payment of Securities Transaction Tax (STT) in the Amount of STT paid.
prescribed form to be furnised with return.

Year in which Taxable Amount Taxable

4 5
P.Y. in which withdrawn. Whole of the amount withdrawn
/received.

P.Y. in which received. — do —

— do — — do —
P.Y. in which amount is so received. To the extent of original investment.

Previous Year in which there is failure to comply with the conditions Amount of deduction originally
specified in 80CCG(3). allowed.
 Quantum
6

100% of the amount invested / paid or

` 150,000 whichever is less

(₹ 1,50,000 w.e.f. 1.4.2015 ie AY 2015-16) Note : The
total deduction that an assessee can claim under
sections 80C, 80CCC and 80CCD(1) would be
restricted to ₹ 150,000 per annum

(₹ 1,50,000 w.e.f. 1.4.2015 i.e AY 2015-16) as per the

provisions of section 80CCE. w.e.f. 1-4-2012
contribution made by Central Government or any
other employer to a pension scheme u/s 80CCD(2)
shall not be included in the limit of deduction of ₹
1,50,000.
Lower of - a) Amount paid; or b)

` 10,000 (for A.Y. 2006-07) /

` 1,00,000 (AY 2007-08 onwards). (refer note in 80C
above)

Lower of – 100% of the qualifying amount; or

` 1,00,000 (see note under section 80C).

Lower of – (a) Amount paid or deposited, during the

previous year, for the purpose mentioned in column 3;
OR (b)
` 20,000.
Lower of :

(a) 50% of the amount invested in acquiring shares or

units mentioned in column (3); OR

(b)
` 25,000. Note : Up to AY 2013-14 where assessee has
claimed and allowed a deduction under this section for
any assessment year in respect of any amount, he shall
not be allowed any deduction under this section for
any subsequent assessment year. With effect from AY
2014-15, the deduction shall be allowed for 3
consecutive assessment years, beginning with the AY
in which the equity shares or units referred to in
column 3 were first acquired.

In case of Individuals – Qualifying amount being

aggregate of amounts mentioned in column 3 subject
to a maximum of

` 15,000 (if any of the persons for whom premia is

paid is a senior citizen the maximum amount is
` 20,000 instead of

` 15,000). Additional Deduction equivalent to amount

paid as premia to insure health of the parent or parents
of the assessee or payment made (subject to a
maximum of
` 5000) for preventive health check up of the parent
subject to a maximum of
` 15,000 (if either parent or parents for whom premia
is paid is a senior citizen the maximum amount of
deduction is
` 20,000 instead of

` 15,000). In case of HUF : Premia paid to insure

health of any member of HUF subject to a maximum
of
` 15,000 (in case premia is paid for any member of the
HUF who is a senior citizen then the maximum
amount stands increased from

` 15,000 to
` 20,000).
– ₹ 50,000 for ordinary disability –

` 1,00,000 for severe disability (w.e.f. AY 2010-11)

(prior to AY 2010-11 the deduction for severe
disability was
` 75,000).

1) Lower of amount paid or ₹ 40,000

(₹ 60,000 for senior citizen).

2) The amount of deduction is to be reduced by the
amount received from an insurer of reimbursed by
employer for the medical treatment.

The entire amount of interest is deductible without

any limit.

₹ 1,00,000 for AY 2014-15. However, if the

Qualifying Amount is less than
` 1,00,000 then the balance shall be allowed as a
deduction in A.Y. 2015-16.

Note : Total deduction under this section cannot

exceed
` 1,00,000 and also the deduction will be allowed
maximum over a period of two years. Interest allowed
as a deduction under this section will not be allowed
under any other provisions of the Act for the same or
any other assessment year.

1) 50% generally; and

2) 100% in cases of PM’s Relief Funds, Gujarat
Earthquake Relief Funds, etc. [Ref. S. 80G(1)(i)]
{w.e.f. AY 2014-15, donations to National children’s
Fund qualify for 100% deduction}

Least of –

i) ₹ 2,000/- per of month; or

ii) 25% of the total income whichever is less; or

iii) Excess of actual rent paid over 10% of total

income.

100% of the Qualifying Amount mentioned in column

5.
100% of the qualifying amount mentioned in column
5.

100% of the qualifying amount mentioned in column

5.

Amount of Deduction and Period

5
100% for 10 consecutive A.Ys. out of 15 A.Ys.. In
case of road, highway project water supply project,
port, etc. 100% for consecutive A.Ys. out of 20 A.Ys.

100% for first 5 A.Ys., 30% for next 5 years. Any 10

consecutive A.Ys. out of first 15 years.

100% for 10 consecutive A.Ys. out of 15 years.

100% for 10 consecutive A.Ys. out of 15 years.

[12 A.Ys. if assessee is a co-op. society]

Amount of Rebate LOWER OF –

(a) ₹ 2000. 100% of the amount of income-tax on

total income; OR

(b) ₹ 2000.
Amount of Rebate LOWER OF – (c) Amount of STT
paid; OR (d) The income tax calculated at the average
rate of tax.

Remarks
6
1 Amount paid after the death of an individual to the
legal heirs is not taxable. (Cir. No. 532 - dt.
17.3.1989).
2 Repayment of NSS is subject to TDS u/s. 194EE
except when made to the heirs of the assessee.
—
1 Deduction amount not exceeding
` 10,000/-. Amount received in excess of original
investment is taxable as capital gains u/s. 45(6).

2 Amount is subject to TDS u/s. 194F @ 20%.

It appears that the deduction can be withdrawn if the
assessee divests the said equity shares within a lock-in
period of 3 years or fails to comply with such other
condition as may be specified in the Scheme to be
notified.