Income Tax exemption for Pension Scheme for an individual employed by the Central Government on or after the 1st day of January, 2004 or, being an individual employed by any other employer, or any other assessee, under a pension scheme notified or as may be notified by the Central Government.
Details under section 80C about Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
Income-tax Act, 1961 special allowance specifically granted to an assessee by his employer to meet expenditure incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee is exempt from income-tax
Income Tax under section 80G of Income Tax Act 1961 provides rebate for the donations given to certain funds, charitable institutions, etc.
Income Tax Rebate under Section 80GGA Deduction in respect of certain donations for scientific research or rural development. An Assessee is entitled in respect of any sum paid to a public sector company, or to a local authority or to an association or institution for carrying out the eligible project or scheme referred to in section 35AC.
Income Tax Act under Section 80GGC provides rebate for the amount given to political parties. For the purposes of sections 80GGB and 80GGC, “political party” means a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951).
Salaried employee who is taking care of physically challenged dependent relative an amount with the maximum limit of Rs.75000 spent towards medical treatment or rehabilitation can be deducted from theincome and inc case of severe disability maximum deduction would be Rs.125000.
Tax payer can claim IT rebate under Section 80 E from income chargeable to tax, by way of interest on loan taken by him from any financial institution or any approved charitable institution for the purpose of pursuing his higher education or for the purpose of higher education of his relative without any maximum limit
Income Tax rebate under Section 80U Rs.1.25 lacs allowed for individual with severe disability. Certificate from certified medical authorities regarding the extent of the disability will have to be produced(Rule 11D) Check the document link found against this field for detailed provision under Income Tax in respect of this deduction.
DoPT clarifies the conditions and the circumstances under which the files to be referred to DoPT in cases of non availability of specific rules for the circumstance and policy decision is required for furthter processing
TN Government issued order sanctioning revised rate of Dearness Allowance in the pre-revised scales of pay to State Government employees. The enhanced DA will be paid with effect from 01.07.2015
CPF beneficiaries will be getting Dearness Relief @ 234% w.e.f 1.7.2015. This rate is based on 5th Pay Commission Scales