1. The document outlines various tax exemptions and deductions available under the Indian Income Tax Act for items such as house rent allowance, children's education allowance, interest on housing loans, life insurance premiums, contributions to pension funds, donations to charitable organizations, medical expenditures, and others. 2. It provides details on eligibility limits, qualifying conditions, and required documentation for each exemption/deduction section. 3. Supporting documents mentioned include rental agreements, receipts, certificates, medical bills, contribution receipts, loan documents, and more, depending on the particular exemption/deduction being claimed.

1. Section Section Note Eligible Tax Exemption
Details to be filled by an
Employee
Proofs to be declare
10 (13A) - House Rent Allowance
HRA is a special allowance specifically granted to an employee by his employer
towards payment of rent for residence of employee.
Least of the following:
1. Actual HRA receiveed by employee.
2. 40% or 50% of Basic+DA (50% for metro
cities)(40% for other cities).
3. Rent paid minus 10% of (Basic+DA).
1. Rent paid per annum.
2. Name of the landlord to
whom you are paying rent.
3. PAN of the Landlord if rent
paid for the financial year
exceeds Rs.1,00,000/-
The following anyone proof is
mandatory
1. House Rent Receipts for 1 Year with
signature and Revenue Stamp
or
2. Rental Agreement.
10(14) - Children Education Allowance Special allowance granted to an employee by employer.
Any amount received in excess of specified
limit will be taxable.
Specified Limit: Rs.100/- per month per
child upto maximum of two children.
Details of number of children NA
24- Interest on Housing Loan
1. Interest payable on loans borrowed for the *purpose of acquisition,
construction, repairs, renewal or reconstruction can be claimed as deduction.
2. Interest payable on fresh loan taken to repay the original loan raised earlier
for the afforesaid *purpose.
Actual interest payable in aggregrate for one
or two self occupied properties.
Maximum Limit Rs.2,00,000/-
Interest on Housing loan
amount
Interest on Housing loan Certificate
and Housing Loan declareation
Section Section Note Eligible Tax Deduction Details to be filled by an Emp Proofs to be declare
Section 80C:
Voluntary Provident Fund
1.VPF is further extension of Employee's provident fund.
2.Under VPF, employees contribute a higher amount than the minimum
requirement of 12% of their basic salary.
Any amount contributed towards VPF Contribution amount
Written declaration form along with
percentage
Employee Provident Fund Minium Contribution of 12% of their basic salary to EPF by an employee. Any amount contributed towards EPF Contribution amount EPF Passbook
Public Provident Fund
1.Contribution to any PPF set by central Govt.
2.Contribution can be made in the name of the individual, his spouse and any
child of the individual.
3.Maximum limit for deposit in PPF is Rs.1,50,000/- in a year Amount deposited in PPF in a year
Deposited amount PPF Passbook
National Savings Certificate
Subscription to any Savings Certificates under GOVT
Amount of subscription towards National
Savings scheme
Subsription amount National Savings scheme certificate
Tax Savings Mutual Funds
Subscription to any units of any mutual fund in accordance with scheme notified
by the central Government Subcription amount towards mutual fund
Amount of Subscription
Mutual fund statement or
Mutual fund receipt
Life Insurance Premium
1.Premium paid on insurance on the life of the individual, spouse or any child
(minor or major).
2.Includes life policy and endowment policy. Premium paid towards policy
Amount of Premium Policy premium receipt
Form 12BB Manual for the period FY: 2023‐2024
Deduction under chapter VI A

2. Unit linked insurance Plan
Contribution in the name of the individual, his or her spouse or any child of the
individual in the Unit Linked Insurance Plan 1971. Amount of Contribution
Amount of Premium
Policy Details
Contribution paid receipt
Unit linked insurance Plan of LIC
mutual Fund
Contribution in the name of the individual, his or her spouse or any child of the
individual in the Unit Linked Insurance Plan of LIC Mutual Fund. Amount of Contribution
Amount of Premium
Mutual fund statement or
Mutual fund receipt
Contribution to Pension Fund Contribution by an individual to a pension fund Amount of Contribution Contribution amount
Children Tuition Fee
1.Payment of tuition fees by an individual assessee at the time of admission or
thereafter to any university, college, school or other educational institutions
within India.
2.For the purpose of full time education of any two children of the individual. Amount of tution fees for full-time education
Tution fees paid amount
University/college/school tution fee
receipt
Housing Loan Principal
Repayment/Stamp Duty/ Registeration
Fee
1.Any payment made towards the cost of purchase or construction of a new
residential house property.
2.Stamp duty, registeration fee and other expenses for the purposes of transfer of
such house property to the assessee.
Amount paid towards repayment of housing
loan/stampduty/ registeration fee.
Paid amount Repayment loan Schedule/ certificate.
Subscription to Equity/ Debentures in
Public Company
Subscription to equity shares or debentures in public company or in any public
financial institution Amount of subscription
Amount paid for
shares/debentures
Share Purchase Certificate
5Years Fixed Deposit in Scheduled
Bank/Post office
1.Investment in five year time deposit in an account under Post Office.
2.Investment in term deposit not less than five years with a scheduled bank.
3.Maximum limit for term deposit in scheduled bank is Rs.1,50,000/- Deposited Amount
Deposited amount Deposit Receipts
NABARD Board
Subscription to such bonds issued by NABARD Subcription amount towards NABARD Bond
Subsription amount Bond Receipt
Senior Citizens Savings Scheme Any depoist in an account under Senior Citizens Savings scheme. Deposited Amount Deposited amount Deposit Receipt
Sukanya Samriddhi Yojana
Any sum paid or deposited during the previous year in Sukanya Samriddhi
Scheme by individual in the name of
1. Any girl child of the individual or
2. Any girl child for whom such individual is the legal guardian. Deposited or paid Amount
Deposited or paid Amount Deposit Receipt
Section 80CCC
Contribution to certain pension funds
Any amount paid or deposited by the assessee in any annuity plan of LIC of India
or under any other insurer .
Maximum permissable deduction is
Rs.1,50,000/-
Depoist amount Deposit Receipt
Note:Aggregrate deduction under sections 80C,80CCC & 80CCD(1) is Rs.1,50,000/‐

3. Sec 80CCD (1B) Contribution made by individual taxpayer towards National Pension Scheme.
Maximum permissable deduction is
Rs.50,000/- Contribution amount scheme/ deposit receipt.
Sec 80U Applicable to resident individual ,at any time during the previous year, is certified
Eligible deduction:
1. Rs.75,000/- in respect of person with
disability.
2. Rs.1,25,000/- in respect of person with
severe disability i.e Having disability over
80%
Medical claim amount and
% of disability
Disability Certificate issued by
authorized medical practioner.
Sec 80G
Donation qualifying for 100% deduction
without any qualifying limit.
Donation to the following fund:
1. Prime Minister's National Relief Fund.
2. The National Children's Fund
3. Approved university or educational institution of national eminence.
4. Any state government fund set up to provide medical relief to the poor.
5. The National Sports Fund set up by the Central Government.
100% donation amount eligible .
Note: Donation exceedings Rs.2,000/- in
cash not allowed for deduction
Donation Amount
Donation Receipt
(Ensure the 12A Regn No and PAN
Photo Copy)
Donation qualifying for 100% deduction
with qualifying limit.
Donation to government or approved local authority, institution or association to
100% donation amount eligible ,subject to
limit*
Note: Donation exceedings Rs.2,000/- in
cash not allowed for deduction
Donation Amount
Donation Receipt
(Ensure the 12A Regn No and PAN
Photo Copy)
Donation qualifying for 50% deduction
with qualifying limit.
1.Any sum paid as donation to institution establised in India for charitable
purpose.
2.Any sum paid for renovation or repair of Notified temple, Mosque, gurdwara,
church or other place of historic , in which renown throught by any state or
50% donation amount eligible ,subject to
limit*
Note: Donation exceedings Rs.2,000/- in
cash not allowed for deduction
Donation Amount
Donation Receipt
(Ensure the 12A Regn No and PAN
Photo Copy)
Sec 80EE
Deduction for interest on loan borrowed from any financial institution for
acquisition of residential house property.
Deduction upto Rs.50,000/- would be
allowed in respect of inerest on loan subject
to condition.
Condition:
1. Loan should be sanctioned during P.Y
2016-17.
2. Assessee should be first time buyer.
3. The amount of loan sanctioned for
residential house property does not exceed
Rs.35 lakh
4. The value of residential house property
does not exceed Rs.50 lakh.
Amoun paid towards interest Interest on Loan certificate
Sec 80E
1.Interest on loan taken from any financial institution or approved charitable
institution.
2. Loan should taken pursuing higher education of individual or spouse or
children of the individual or for student to whom individual is legal guardian.
Earliest of following is allowed for deduction
1.Interest payment in initial 8 assessment
year or
Until the interest is paid in full
Amount of interest paid
during the year
Interest certificate and Loan
statement

4. Sec 80DDB- Dedcution for medical
treatment of specified diseases or
ailments
Amount paid for specified diseases or ailment for an Individual or his dependant.
Dependant being the following persons,
1. Spouse
2.Children
3. Parents
4. Brothers or Sisters
* Wholly or Mainly dependant on individual
Step : 1 Lower of following *Actual sum paid
or
*Rs.40,000/- (Rs.1,00,000/- for medical
treatment of senior citizen).
Note: Eligible deduction = Step 1 Amount
minus if any amount received from
insurance company or reimbursed by
employer.
1.Amount paid for medical
treatment.
2.Checkbox needs to filed if
amount spent for senior
citizens
Medical Bill
Sec 80DD‐Medical treatment of
dependant with disability
*Any amount incurred for the medical treatment (Including nursing) , training
and rehabilitation of a dependant disabled.
*Any amount paid or deposited under the LIC or any other insurer.
Note:Dependant being the following persons,
1. Spouse
2.Children
3. Parents
4. Brothers or Sisters
* Wholly or Mainly dependant on individual
Eligible deduction:
1. Disability 40% - Flat deduction
Rs.75,000/-
2. Disability 80% - Flat deduction
Rs.1,25,000/- in case of severe disability
Amount paid for medical
expense.
Copy of medical certificate
authenticating the disability of
dependant.
Sec 80D
Medical Insurance Premium Any premium paid other than by way of cash for self, spouse and dependent
children
Maximum of Rs.25,000/-
Note : Rs.50,000/- in case individual or
spouse is senior citizen
Amount of premium Medical premium receipts
Medical Insurance Premium Any premium paid other than by way of cash for parents whether or not
dependent on the individual.
Maximum of Rs.25,000/-
Note : Rs.50,000/- in case either or both of
parents are senior citizens.
Amount of premium Medical premium receipts
Preventive Health Checkup
Any amount paid including cash for self, spouse, dependent children or parents
of individual. *Maximum limit Rs.5,000/- Amount spent for checkup Medical Bills
Note:Amount paid under preventive health checkup subject to overall aggregate limits(i.e Rs.25,000/‐ or Rs.50,000 as the case may be)