At a glance Income Tax Section as per the New Finance Budget 2014-15 U/s 80 C ( Amended) and Chapter VI A, with Non-Govt employees All in One TDS on Salary for the Financial Year 2014-15

Download All in One TDS on Salary for the Non-Govt employees For FY 14-15 ( Tax Computed Sheet + HRA Exemption + Form 16 Part B and Form 16 Part A&B) for the Financial Year 2014-15 and Assessment Year 2015-16

Section 80 C at a Glance
As per the New Central Finance Budget 2014-15, the Maximum limit of  Income Tax Section 80 C has increase up to Rs. 1,50,000/- and One new deduction can be available as K.V.P. in this Section. 

This section has been introduced by the Finance Act 2005. Broadly speaking, this section provides deduction from total income in respect of various investments / expenditures / payments.
Remember: The limit for maximum deduction available under Sections 80C, 80CCC and 80CCD (combined together) is Rs. 1,50,000/- (Rs. one lac Fifty Thousand only).
An additional deduction will be bade Under Section 80CCD(2) Employer’s Contribution to the employees Pension Fund Since 01/04/2004 [Excluding the Max limit of Rs. 1,50,000/-]
1.                 Life Insurance Premium for individuals. The policy must be in the assesse's or spouse's or any child's name. For a HUF, it may be on life of any member of HUF. The 80C deduction is valid on insurance policies purchased after 1st April, 2012 only if the premium is less than 10% of sum assured. Benefits for existing purchased policies continue.
2.                 Sum paid under contract for deferred annuity for an individual on the life of the assesse, spouse or any child.
3.                 Sum deducted from salary payable to Govt. Servant for securing deferred annuity for self-spouse or child Payment limited to 20% of salary.
4.                 Contribution made under Employee's Provident Fund Scheme.
5.                 Contribution to PPF for individual can be in the name of the assesse, the spouse or any child. For a HUF, it can be in the name of any member of the family.[Max Rs.1,50,000/-]
6.                 Contribution by employee to a Recognized Provident Fund.
7.                 Sum deposited in 10/15 year account of Post Office Saving Bank
8.                 Subscription to any notified securities/notified deposits scheme. e.g. NSS
9.             Subscription to any notified savings certificate, Unit Linked Savings certificates. e.g.             NSC VIII issue.
10.             Contribution to Unit Linked Insurance Plan of LIC Mutual Fund
11.             Contribution to notified deposit scheme/Pension fund set up by the National Housing             Scheme.
12.             Payments of installments or part payments of loan taken for buying or constructing residential house property. However, if the property is transferred before the expiry of 5 years from the end of the financial year in which possession of such property is obtained by him, the aggregate amount of deduction of income so allowed for various years shall be liable to tax in that year.
13.             Contribution to notified annuity Plan of LIC (e.g. Jeevan Dhara) or Units of UTI / notified        Mutual Funds.
Note if in case of such contributions the deduction under Section 80CCC has already been availed, the rebate under Section 88 would not be allowable.
14.             Subscription to units of a Mutual Fund notified u/s 10(23D).
15.             Subscription to deposit scheme of a public sector, company engaged in providing                housing finance.
16.             Subscription to equity shares/ debentures forming part of any approved eligible issue of      capital made by a public company or public financial institutions.
17.             Tuition fees paid to any school, college, university or other educational institution                    situated within India for the purpose of full time education of any two children.
18.      Kissan Vikas Patra (K.V.P.) 

Section 80CCC: Deduction in respect of Premium Paid for Annuity Plan of LIC or Other Insurer

Payment of premium for annuity plan of LIC or any other insurer Deduction is available upto a maximum of Rs. 150,000/-. (This limit has been increased from Rs. 10,000/- to Rs. 1,50,000/- w.e.f. 01.04.2007).
The premium must be deposited to keep in force a contract for an annuity plan of the LIC or any other insurer for receiving pension from the fund.

Section 80CCD: Deduction in respect of Contribution to Pension Account

Deductions to the extent of 10% of one's salary are available on deposits made by a Central government servant in one's pension account. If the Central Government makes any contribution to the pension account, deduction of such contribution to the extent of 10% of salary shall be allowed. Further, in any year where any amount is received from the pension account such amount shall be charged to tax as income of that previous year.

Section 80CCD(2) : Employer's Contribution to the Employee's New Pension fund ( Excluding the Max Limit of Rs. 1.5 Lakh of U/S 80C,80CC,80CCD)

Section 80GG: Deduction in respect of House Rent Paid

Deduction available is the least of
1.                 Rent paid minus 10% of total income
2.                 Rs. 2000/- per month
3.                 25% of total income, provided
o       Assessee or his spouse or minor child should not own residential accommodation at the place of employment.
o                               He should not be in receipt of house rent allowance.
o                               He should not have self occupied residential premises in any other place.

Section 80E: Deduction in respect of Interest on Loan for Higher Studies

Deduction in respect of interest on loan taken for pursuing higher education. The deduction is also available for the purpose of higher education of a relative w.e.f. A.Y. 2008-09.

Section 80 TTA: Deduction from gross total income in respect of any Income by way of Interest on Savings account

Deduction from gross total income of an individual or HUF, upto a maximum of Rs. 10,000/-, in respect of interest on deposits in savings account ( not time deposits ) with a bank, co-operative society or post office, is allowable w.e.f. 1st April 2012 (Assessment Year 2013-14).

Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

The Rajiv Gandhi Equity Saving Scheme (RGESS) was launched after the 2012 Budget. Investors whose annual income is less than Rs. 10 lakhs can invest in this scheme (up to Rs. 50,000) and get a deduction of 50% of the investment.
So, if you invest Rs. 50,000 (maximum amount eligible for income tax rebate is Rs. 50,000), you can claim a tax deduction of Rs. 25,000 (50% of Rs. 50,000).

Section 80D: Deduction in respect of Medical Insurance

Deduction is available up to Rs. 20,000/- for senior citizens and upto Rs. 15,000/ in other cases for insurance of self, spouse and dependent children. Additionally, a deduction for insurance of parents (father or mother or both) is available to the extent of Rs. 20,000/- if parents are senior Citizen and Rs. 15,000/- in other cases. Therefore, the maximum deduction available under this section is to the extent of Rs. 40,000/-. From AY 2013-14, within the existing limit a deduction of upto Rs. 5,000 for preventive health check-up is available.

Section 80DD: Deduction in respect of Rehabilitation of Handicapped Dependent Relative

Deduction of Rs. 50,000/- is available on:
1.                 expenditure incurred on medical treatment, (including nursing), training and rehabilitation of handicapped dependent relative.
2.                 Payment or deposit to specified scheme for maintenance of dependent handicapped relative.
Further, if the dependant is a person with severe disability, a deduction of Rs. 100,000/- is also available under this section. The handicapped dependent should be a dependent relative suffering from a permanent disability (including blindness) or mentally retarded, as certified by a specified physician or psychiatrist.
Note: A person with 'severe disability' means a person with 80% or more of one or more disabilities as outlined in section 56(4) of the 'Persons with disabilities (Equal opportunities, protection of rights and full participation)' Act.

Section 80DDB: Deduction in respect of Medical Expenditure on Self or Dependent Relative

A deduction to the extent of Rs. 40,000/- or the amount actually paid, whichever is less is available for expenditure actually incurred by resident assessee on himself or dependent relative for medical treatment of specified disease or ailment. The diseases have been specified in Rule 11DD. A certificate in form 10 I is to be furnished by the assessee from any Registered Doctor.



Section 80G: Deduction for donations towards Social Causes

The various donations specified in Sec. 80G are eligible for deduction upto either 100% or 50% with or without restriction as provided in Sec. 80G. 80G deduction not applicable in case donation is done in form of cash for amount over Rs 10,000.

Donations with 100% deduction without any qualifying limit:

·                     Prime Minister’s National Relief Fund
·                     National Defence Fund
·                     Prime Minister’s Armenia Earthquake Relief Fund
·                     The Africa (Public Contribution - India) Fund
·                     The National Foundation for Communal Harmony
·                     Approved university or educational institution of national eminence
·                     The Chief Minister’s Earthquake Relief Fund, Maharashtra
·                     Donations made to Zila Saksharta Samitis.
·                     The National Blood Transfusion Council or a State Blood Transfusion Council.
·                     The Army Central Welfare Fund or the Indian Naval Benevolent Fund or The Air Force Central Welfare Fund.

Donations with 50% deduction without any qualifying limit.

·                     Jawaharlal Nehru Memorial Fund
·                     Prime Minister’s Drought Relief Fund
·                     National Children’s Fund
·                     Indira Gandhi Memorial Trust
·                     The Rajiv Gandhi Foundation

Donations to the following are eligible for 100% deduction subject to 10% of adjusted gross total income

Donations to the Government or a local authority for the purpose of promoting family planning.

Donations to the following are eligible for 50% deduction subject to 10% of adjusted gross total income

Donation to the Government or any local authority to be utilized by them for any charitable purposes other than the purpose of promoting family planning.

Section 80U: Deduction in respect of Person suffering from Physical Disability


Deduction of Rs. 50,000/- to an individual who suffers from a physical disability (including blindness) or mental retardation. Further, if the individual is a person with severe disability, deduction of Rs. 100,000/- shall be available u/s 80U. Certificate should be obtained from a Govt. Doctor. The relevant rule is Rule 11D.


Download All in One TDS on Salary for the Non-Govt employees for FY 2014-15 ( Tax Computed Sheet + HRA Exemption + Form 16 Part B and Form 16 Part A&B) for the Financial Year 2014-15 and Assessment Year 2015-16

All in One TDS on Salary [Tax Compute +HRA Exemption+ Arrears Relief Calculation + Form 10E +Form 16 Part B & Part A&B] for Govt & Non-Govt Employees for the Financial Year 2014-15 & Ass Yr 2015-16

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The Finance Budget has passed and the New Income Tax Slab produce in this Financial Year 2014-15 and Assessment Year 2015-16.Some Income Tax Section are also changed and some new Tax Section have introduce in this Finance Budget.

The Tax Slab is Raised up to Rs. 2,50,000/- for below 60 years Age. Section 80 C is also Raised up to Rs. 1,50,000/-. The New Item also introduce in the Section 80 C as the Kissan Vikas Patra (K.V.P.). The P.P.F. Maximum Limit Raised up to 1,50,000/- from this Financial Year 2014-15.

[THE SECTION 87 A ( TAX REBATE RS.2000/- IS CONTINUE IN THIS FINANCIAL YEAR]
[THE SECTION 80 TTA SAVINGS BANK INTEREST UP TO RS.10,000/- IS CONTINUE]

Below given the Excel Based Software which only for the Non-Govt & Govt  Employees and this Excel Utility can prepare at a time the Income Tax Computed Sheet + Income Tax Calculation as per the new Tax Slab + Individual Salary Sheet + Individual Salary Structure  + Arrears Relief Calculation + Form 10E +Automated Form 16 Part A&B and Form 16 Part B for the Financial Year 2014-15 & Assessment Year 2015-16.

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All in One TDS on Salary ( Tax Compute + HRA Calculation + Form 16 Part A&B and Part B) for the West Bengal Govt employees for the Financial Year 2014-15 & Ass Yr 2015-16

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Finance Minister Arun Jaitley announced the first Union Budget of Narendra Modi government on Thursday. The Union Budget was similar to the Rail Budget passed by Railway Minister D V Sadananda Gowda, concentrating more on development and growth, avoiding populist measures taken by the previous governments. The Union Budget 2014 saw few changes in the tax exemption limits.
Following is the table indicating the impact of changes in income tax provisions proposed by Finance Minister Arun Jaitley in the Budget 2014-15. Tax exemption limit has been raised to Rs 2.5 lakh from Rs 2 lakh.
1) Here’s the tax slab for Individual Tax Payers:
Income Age (< 60 Years)
Tax Rate
Impact



Up to Rs 2,50,000
NIL
Rs. 5,000 (Savings)
Rs 2,50,001 to Rs 5,00,000
10 per cent
Rs. 5,000 (Savings)
Rs 5,00,001 to Rs 10,00,000
20 per cent
Rs. 5,000 (Savings)
Above 10,00,000     
30 per cent
Rs. 5,000 (Savings)
Here’s the tax slab for Senior Citizens:
Income (For Senior Citizens)(>60 & < 80 Years)
Tax Rate
Impact



Up to Rs 3,00,000
NIL
Rs. 5,000 (Savings)
Rs 3,00,001 to Rs 5,00,000
10 per cent
Rs. 5,000 (Savings)
Rs 5,00,001 to Rs 10,00,000
20 per cent
Rs. 5,000 (Savings)
Above 10,00,000     
30 per cent
Rs. 5,000 (Savings)
Tax Slab for an Individual (resident & above 80 years)

Income Slabs (> 80 Years)
Tax Rates
Total income up to Rs. 5 Lac
0% Tax
Total income above Rs. 5 Lac and below Rs.10 Lac
20% on Income exceeding Rs. 5 Lac
Total income more than Rs. 10 Lac
30% on Income exceeding Rs. 10 Lac + Rs. 1 Lac

2. Hike deduction limit under Section 80C of the Income Tax Act:


3. Increase in exemption limit for housing loan interest:

Currently, interest up to Rs. 1.50 lakh on home loan for self-occupied property is tax free. Analysts say the current ceiling should go up toRs. 4 lakh or Rs. 5 lakh to account for the sharp rise in property prices over the last ten years. Enhancing interest exemption limit will increase affordability and benefit the entire real estate sector, which contributes nearly 6 per cent to the GDP.

4) Kissan Vikas Patra (KVP) to be reintroduced in the Section 80C


5) The Tax Rebate Rs.2,000/- U/s 87A in the Finance Budget will be continued for the Financial Year 2014-15 also.

Click here to Download the All in One TDS on Salary for West Bengal Govt Employees for the Financial Year 2014-15 & Ass Yr 2015-16 ( Prepare at a time Tax Compute Sheet + HRA Calculation + Individual Salary Sheet + Form 16 Part A&B and Part B)

Automated Master of Form 16 Part B for the Financial Year 2014-2015 ( Prepare at a time 100 Form 16 Part B) for Assessment Year 2015-16

Click here to Download the Master of Form 16 Part B ( 100 employees Form 16 Part B) for the Financial Year 2014-15 and Assessment Year 2015-16 

As per the New Income Tax Slab for the Financial Year 2014-15 and Assessment Year 2015-16, the Tax Slab has already Extended up to 2,50,000/- for below 60 years Age, and above 60 the below 80 years Age the Tax Slab is exempted up to Rs. 2,50,000/-, Most Sr. Citizen Slab as the same as before. In this New Finance Budget the Maximum Limit of U/s 80 C has also raised up to 1,50,000/-. No Changes in the Income Tax other Section as before which is continue for the Financial Year 2014-15. Most Famous Section Tax Rebate Rs. 2,000/- U/s 87A is also entitled in this Financial Year 2014-15.
One new Item has introduce in the section 80 C as Kissan Vikas Patra (K.V.P.) and the extended limit of P.P.F. up to Rs. 1,50,000/- U/s 80C. in this New Finance Budget 2014 

As per the latest CBDT notification the Income Tax Salary Certificate Form 16 Part A is Mandatory to download from the TRACES Portal and the Form 16 Part B is must be prepared by the Employer/Deductor of each Govt and Non Govt Concerned. The Form 16 Part B can be prepare automatically by the Excel Based Software. But if you have any Excel Based Software which can prepare at a time 100 employees Form 16 Part B for the Financial Year 2014-15, it can reduce your time and easy to prepare the Part B. Also you can Calculate by this Excel Utility the Income Tax Liability of each employees, so you may easy to guess the actual tax and submit the each Quarter Ended Tax Return 24Q and 26Q. 

Given below the Unique Excel Based Software which can prepare at a time 100 employees Form 16 Part B for the Financial Year 20104-15 as per the New Income Tax Slab. This Excel Utility is most easy to generate and easy to install in any system.

Main feature of this Utility :-

  • Prepare at a time 100 employees Form 16 Part B
  • Calculate Income Tax Calculation of each employees
  • Prevent the double entry of Pan No and Name of Employees
  • In built the Employees Salary Structure for Calculating the perfect Tax and prepare automatic Form 16 part B
  • Automatic Convert the Amount in to the In Words ( without any Add-Ins or any Excel Formula)

Click here to Download the Master of Form 16 Part B ( 100 employees Form 16 Part B) for the Financial Year 2014-15 and Assessment Year 2015-16 

The Great News to the Salaried Person as relief Rs.2,000/- from Income Tax U/s 87A is continue for the Financial Year 2014-15 also, Plus Automatic Form 16 Part A&B and Part B for the financial year 2014-15

Click here to download the Automated Form 16 Part B & Part A&B for the Financial Year 2014-15 & Assessment Year 2015-16 ( This Excel Based Utility can prepare more than 100 Form 16 Part B & Part A&B for FY 2014-15)

As per the Central Finance Budget 2014-15, the famous Income Tax Section  87A, where can get relief as well as Rebate Maximum Rs. 2,000/- who’s taxable income up to 5,00,000/-is continue for the Financial Year 2014-15 also. For more clarification about this new section under clauses 19 & 20 of the Central Budget 2013 as given below:-
Clauses 19 & 20 of the Central Budget which have already passed by the Parliament, that
The new section 87A in the income tax Act relating to get the rebate of income tax in case of below given certain clauses : 
A)    The section 87A seeks to provide that an tax payer being an individual , whose total Taxable Income does not exceed 5,00,000/-( After deduction of U/s 10,16,80C and under chapter VI A). It is must be great opportunity to tax relief for below tax payers.
b)      This amendment will take effect from 1st April 2013 which effect for the Financial Year 2013-14 and Assessment Year 2014-15 and on-wards Financial Year. How to deduct the Tax Rebate Rs. 2,000/- and where from the deduct this amount. First Calculate the Net Taxable Income > Calculate the Tax on that Taxable Income as per the Slab > Less the Rebate Rs. 2,000/- ( Who's Taxable Income less than 5 Lakh) > Calculate the Education+Cess @3% , the Total Tax will be appear. 

You can see the how to calculate the Rebate of Tax through the below given Automatic Form 16 Part A&B and Part B For the Assessment Year 2014-15.

Click here to download the Automated Form 16 Part B & Part A&B for the Financial Year 2014-15 & Assessment Year 2015-16

Latest Version of Income Tax preparation All in One Excel Based Software ( Prepare at a time Tax Compute sheet+Individual Salary Structure+ HRA Exemption +Form 16 Part B +Form 16 Part A&B) for only Non Govt employees for FY 2014-15

The Central Finance Budget has already passed by the Parliament for the Financial Year 2014-15 and the Income Tax Slab Raised from the Previous Financial Year, and also some changes have made in this Finance Budge, The Section 87A will be continue and U/s 80 TTA (the Savings Bank Interest also entitled in this Financial Year 2014-15), K.V.P. has introduce , P.P.F. Limit has increase up to Rs. 1,50,000/-
For below 60 years Age Salaried Persons can get the maximum Tax Relief up to Rs. 2,50,000/- and the Section 80C has also Raised   up to Rs. 1,50,000/-

The below given Excel based Software which can prepare at a time Income Tax Computed Sheet + Automatic House Rent Exemption calculation + In built Salary Structure for Non Govt employees which can prepared on the basis of Salary Pattern of each Non Govt concerned + Automated Form 16 Part A&B + Automated Form 16 Part B for the Financial Year 2014-15 and Assessment Year 2015-16.

It is most hazard to calculate individually HRA Calculation separately a another sheet. This Excel Utility can prepare all the calculation just a moment. Thus your time may reduce for calculating the actual Income Tax of each employee.

This Excel Based Software Can prepare more than 500 employees Tax Computed One by One.

Feature of this Utility:-

·         Automatic Calculate Income Tax with Tax Computed sheet individually

·         Individual Salary Structure for calculating the Gross Salary Income 

·         Salary Structure have prepare on the Basis of Non Govt Salary Pattern

·         Automatic Calculate the House Rent Exemption Calculation U/s 10(13A)

·         Automated Form 16 Part A&B

·         Automated Form 16 Part B


·         Automatic Convert the Amount in to In Words

  • All the New Feature of Central Budget have in this Excel Utility and this utility prepare as per the New Central Budget 2014-15

Click here to Download the Automated All in One TDS on Salary for Non-Govt employees for the Financial Year 2014-15 and Assessment Year 2015-16 ( This Excel Based Utility Can prepare at a time Income Tax Calculation Sheet + Individual Salary Sheet + Automatic HRA Calculation + Form 16 Part A&B and Form 16 Part B Only for Non Govt employees)

Income Tax 2014-15 – what are all the changes affecting Salaried Employees ? With Automated All in One TDS on Salary for Central & All State Employees for the Financial Year 2014-15 & Assessment Year 2015-16

Click here to Download the Automated All in One TDS on Salary for Central & State Employees ( Prepare at a time Tax Calculation + Individual Salary Sheet + Salary Structure + HRA Exemption + Form 16 Part A&B and Part B for the Financial year 2014-15)

Income Tax 2014-15 – what are all the changes affecting Salaried Employees ? – Highlights of Changes announced in Budget 2014 and Finance Bill 2014 as far as Income Tax Provisions relating to Salaried Employees, Tax Rebate Rs. 2,000/-U/s 87A is available in the Financial Year 2014-15 and up to Rs. Ten Thousand can get relief from Savings Bank Interest also.Extend the Limit of Section 80 C from 1 lakh to 1 lakh and fifty thousand from this Financial Year.

 Income Tax 2014-15 (Assessment year 2015-16)

In case of individual (other than II and III below) and HUF
 II. In case of an individual resident who is of the age of 60 years or more at any time during the previous year:-

Income-tax Act relating to deductions from income from house property (section 24)

The existing provisions contained in section 24 provide that in case of a self-occupied property where the acquisition or construction of the property is completed within three years from the end of financial year in which the capital is borrowed, the amount of deduction under that clause shall not exceed one lakh fifty thousand rupees.
It is proposed to amend the second proviso to clause (b) of section 24, so as to increase the limit of deduction on account of interest in respect of property referred to in sub-section (2) of section 23 to two lakh rupees.

Income Tax Exemption under Section 80 C in respect of Savings / Insurance Premium / Housing Loan Principal etc

Clause 27 of the Bill seeks to amend section 80C of the Income-tax Act relating to deduction in respect of life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc.
The existing provisions of sub-section (1) of section 80C provide for deduction of Rs.one lakh rupees.
Now, It is proposed to amend sub-section (1) so as to raise the limit of deduction from one lakh rupees to Rs. One Lakh and Fifty Thousand rupees.

Income-tax Act relating to deduction in respect of contribution to pension scheme of Central Government under Section 80 CCD

Clause 28 of the Bill seeks to amend section 80CCD of the Income-tax Act relating to deduction in respect of contribution to pension scheme of Central Government.
The existing provisions contained in sub-section (1) of section 80CCD, inter alia, provide that in the case of an individual, employed by the Central Government or any other employer on or after 1st January, 2004, who has in the previous year paid or deposited any amount in his account under a pension scheme notified or as may be notified by the Central Government, a deduction of such amount not exceeding ten per cent. of salary is allowed.  This is subject to a limit of one lakh rupees provided under section 80CCE.
It is proposed to amend sub-section (1) of the said section so as to provide that an individual employed by the Central Government on or after 1st January, 2004 or, being an individual employed by any other employer shall be allowed a deduction of the amount deposited by him in his account under a pension scheme notified or as may be notified by the Central Government to the extent it does not exceed ten per cent. of his salary.
It is further proposed to insert new sub-section (1A) so as to provide that the amount of deductions shall not exceed One Lakh rupees.

Income-tax Act relating to limit on deductions under sections 80C, 80CCC and 80CCD under Section 80 CCE

Clause 29 of the Bill seeks to amend section 80CCE of the Income-tax Act relating to limit on deductions under sections 80C, 80CCC and 80CCD.
The existing provisions contained in the aforesaid section provide that the aggregate amount of deduction under section 80C, section 80CCC and section 80CCD shall not exceed one and Fifty lakh rupees.

Section 80 D of Income Tax Act:

There is no change in the income Tax Exemption available in respect of Health InsurancePremium which can be deducted at source.
As such, with a maximum limit of Rs.15,000, an individual can deduct at source the Health Insurance premium paid by him / her in a financial year (2014-15)
In addition to Income tax exemption availed for Health Insurance relating to individual and his / her family, health Insurance Premium paid by the individual for covering health of his / her parents can also be deducted from the total income subject to a maximum of Rs. 15,000. In the case of Health Insurance cover in these cases pertains to Senior Citizen then maximum limit of deduction under Section 80D would be Rs. 20,000
Deduction for preventive health check-up
Under Section 80D, a deduction of Rs 5,000 is allowed for expenditure incurred during the year by a tax payer on account of preventive health check-up of self, spouse, dependent children or parents

The above deduction to be within the overall limits of Rs 15,000 / Rs 20,000 prescribed under the said Section of the Act.

Click here to Download the Automated All in One TDS on Salary for Central & State Employees ( Prepare at a time Tax Calculation + Individual Salary Sheet + Salary Structure + HRA Exemption + Form 16 Part A&B and Part B for the Financial year 2014-15)