I. Income from Salaries:
1. Leave the travel concession [Sec 10(5)]
2. House rent allowance [Sec10(13A)]
3. Special allowance(s)[other than exemption pertaining to (a) travelling allowance ,transfer allowance and conveyance allowance for official purpose , and (b) transportation allowance of Rs.3,200 per month to an employee who is blind or deaf and dumb or orthopedically handicapped][Sec10(14)]
4. Standard deduction [Sec.16(ia)]
5. Entertainment allowance deduction [Sec.16(ii)]
6. Professional tax deduction [Sec.16(ii)]
7. Exemption of perquisite in respect of free food and non-alcoholic beverage (i.e., Rs 50 per meal) provided through paid voucher[sec17(2), read with rule 3(7))(iii)]
II. Income from House Property
Interest on housing loan in the case of one or two self-occupied properties [Ssec.24(b)]
III.Income from Business or Profession
1. Additional depreciation [Sec.32 (1) (iia)
2. Investment Allowance in case of backward area [Sec.32ATea/coffee/rubber/development account [Sec33AB]
3. Site Restoration Fund [Sec.33ABA]
4. Deduction for Scientific Research [Sec35(1)(ii)/(iia)/(iii),35(2AA)]
5. Capital expenditure pertaining to specified business [Sec.35AD]
6. Agriculture extension project[Sec.35CCC]
7. Special provisions in respect of newly established Units in Special Economic Zones [Sec10AA]
IV.Income from Other Sources
1. Allowance to MPs/MLAs- Sec.10(17)
2. Exemption up to 1500 available in the case of clubbed income of minor child [Sec.10(32)]
3. Standard deduction in the case of family pension [Sec.57(iia)]
V. Investment related Exemptions
Deduction under sec 80C to 80U [except employee contribution towards NPS under
Section80CCD(2), deduction under section 80JJAA]
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