Stamp duty and registration charges incurred on purchase of a new residential Rs house Subscription towards National Savings Certificates (VIIIth & IXth (accrued Rs interest which is deemed as reinvested also qualifies for deduction) Amount deposited under Senior Citizens Rs Savings Scheme Rules 2004 Installments paid towards cost of purchase/construction of a residential property to Government, banks, Rs societies and approved Housing Development Finance Companies Amount deposited in term deposits of five years or more with banks, co-operative Rs societies or post offices Tuition fees for education of two children Rs Subscription towards notified units of Rs Mutual Fund or UTI Subscription to notified Bonds of NABARD Rs 15 Total of 80C Deductions Rs Premium paid for Annuity Plan of LIC or Other Insurer(Pension Schemes from 16 Rs Insurance Companies) (under Section Rs 80CCC) Employee Contribution to New Pension Scheme during the financial year 2017–18 up 17 Rs to a maximum of one lakh fifty thousand rupees. (Section 80CCD(1)) (Maximum amount qualifying for deduction under section 80CCE 18 (Rs.1,50,000) i.e., deductions under 80C, Rs 80CCC, & 80CCD(1) Columns (15 + 16 + 17)
Stamp duty and registration charges incurred on purchase of a new residential house Rs Subscription towards National Savings Certificates (VIIIth & IXth (accrued interest which is deemed as reinvested also qualifies for deduction) Rs Amount deposited under Senior Citizens Savings Scheme Rules 2004 Rs Installments paid towards cost of purchase/construction of a residential property to Government, banks, societies and approved Housing Development Finance Companies Rs Amount deposited in term deposits of five years or more with banks, co-operative societies or post offices Rs Tuition fees for education of two children Rs Subscription towards notified units of Mutual Fund or UTI Rs Subscription to notified Bonds of NABARD Rs 15 Total of 80C Deductions Rs 16 Premium paid for Annuity Plan of LIC or Other Insurer(Pension Schemes from Insurance Companies) (under Section 80CCC) Rs Rs 17 Employee Contribution to New Pension Scheme during the financial year 2017–18 up to a maximum of one lakh fifty thousand rupees. (Section 80CCD(1)) Rs 18 (Maximum amount qualifying for deduction under section 80CCE (Rs.1,50,000) i.e., deductions under 80C, 80CCC, & 80CCD(1) Columns (15 + 16 + 17) Rs
INCOME%20TAX%20CIRCULAR%20F.Y%202017-18.docx