*INCOME TAX Exemption Updates... For every Investor For FY:16-17)* Here is a guide to help your Tax Planning. 🔱 80 C:- Max limit 150000/- (Life Insurance Premium, MF , FD , NSC, PPF , Home Loan Principal , etc.) 🔱 80CCD:-50000/- (NPS) 🔱 80CCG:- 25000/- or 50% of your investment which ever is less 🔱 80D:-25000/- ( Mediclaim Policy for self spouse, children) 🔱 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2) 🔱 80DDB:- Medical expense occurred on dependent for specified illment 🔱80TTA:- Up to 10000/- for Interest saving bank account 🔱 Gift tax :- Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation.. Gift from Blood relation is 100%Exempted... 🔱 Transport allowance :- 19200/- (FY) C.E.A. :- 2400/- (FY) 🔱 HRA :- as per the calculation 🔱 24(b) :- 200000/- (home loan interest) 🔱 80G :- full amount in few selected organisation. This exemption is 50% 🔱 80GGB :- 100% exemption for political parties 🔱 80EE :- unlimited (interest on education loan).... 🔱 80U :- 75000/- (in case of taking care of a Handicapped depends).. So Plan Your Financial Year 2016-17 Income Tax Exemption accordingly.