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Showing posts with label U/s 80DDB. Show all posts
Showing posts with label U/s 80DDB. Show all posts

Thursday, 29 September 2016


Click here to Download the All in One TDS on Salary for Govt & Non-Govt employees for the Financial Year 2016-17 & Assessment Year 2017-18

Feature of this Excel Based Software :-

1) This Excel Utility can prepare at a time Individual Tax Compute Sheet

2) Individual Salary Structure as per the Govt & Private Concerned Salary Pattern.

3) Individual Salary Statement

4) Automated Arrears Relief Calculator U/s 89(1) with Form 10E up to F.Y.2016-17.

5) Automated H.R.A. Exemption Calculation

6) Prepare Automated Form 16 Part A&B and Form 16 Part B for F.Y.2016-17

1. Under Section 80D: 

a) Deduction available for self, spouse and dependent children and exemption available up       to Rs 25000.00

b) Health insurance premium for senior citizen parents exemption

2. Under Section 80DD:

a) Health insurance premium for handicapped dependent disability from 40% to                         80% exemption can be availed up to Rs 75000.00

b) In case of severe disability for handicapped dependent deduction up to Rs 125000.00

3. Under Section 80DDB:

a) You can claim the deduction for Rs. 40000.00 (b) In a case of the senior citizen, Deduction        allowed is Rs. 60000.00

4. Under Section 80U:

a) Under this section, any Indian citizen with the disability more than 40% can claim the deduction  of Rs. 40000.00, In case of severe disability, maximum tax limit is Rs. 125000.00