Total corpus consisting of employer and employee’s contribution with interest, orģ. Up to 36 times of monthly basic salary plus dearness allowance, orĢ. The construction should begin within 6 months and must be completed within 12 months from the last withdrawn instalment.ġ.It can be withdrawn just once for this purpose during the entire service.land or the house, should be in the employee’s name or jointly with the spouse. The above limits are restricted to the total cost. Purchase of land or purchase/construction of a houseįor land – Up to 24 times of monthly basic salary plus dearness allowance.įor house – Up to 36 times of monthly basic salary plus dearness allowance, Up to 50% of employee’s share of contribution to EPFįor the marriage of self, son/daughter, and brother/sisterĮither for account holder’s education or child’s education (post matriculation) Medical treatment of self, spouse, children, or parents Income Tax Deductions List - Deductions on Section 80C, 80CCC, 80CCD & 80D - FY 2021-22 (AY 2022-23)ġ.Budget 2020 Highlights : PDF Download, Key Takeaways, Important Points.Section 80G – Donations Eligible Under Section 80G and 80GGA – 80G Exemption List. Budget 2022 Highlights : PDF Download, Key Takeaways, Important Points.Budget 2023 Highlights: PDF Download, Key Takeaways, Important Points.Budget 2023 Expectations For Income Tax: 80C & 80D Limit Increase, Tax Slab Changes For Salaried Employees.Which Is Better: Old vs New Tax Regime For Salaried Employees?.
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