| Income upto Rs.1.6 lakh | Nil |
| Income above Rs.1.6 lakh and upto Rs.5 lakh | 10 per cent |
| Income above Rs.5 lakh and upto Rs.8 lakh | 20 per cent |
| Income above Rs.8 lakh | 30 per cent |
| Particulars | Taxable/Non-Taxable | Exemption/Rebate | Limit |
| Taxable Items: | - | - | - |
| Basic Pay | Fully Taxable | - | - |
| Dearness Pay | Fully Taxable | - | - |
| Grade Pay | Fully Taxable | - | - |
| Dearness Allowance | Fully Taxable | - | - |
| House Rent Allowance | Fully Taxable | - | - |
| City Compensate Allowance | Fully Taxable | - | - |
| Medical Allowance | Fully Taxable | - | - |
| Family Planning Allowance | Fully Taxable | - | - |
| Arrear Amount | Fully Taxable | - | - |
| Maturity Amount of NSC | Fully Taxable | - | - |
| Total amount withdrawn from NSS | Fully Taxable | - | - |
| Transport Allowance | Partially Taxable | Rebate | Maximum upto Rs.800 PM |
| Children Education Allowance | Partially Taxable | Rebate | Maximum upto Rs.100 PM |
| Deductions: | |||
| Less-Allowance U/S 10(13A) Actual Rent Paid | - | Exempt | Actual amount of HRA received or Expenditure on rent in excess of 1/10th of the salary or 50% of Salary, which ever is less Rent Paid |
| Interest on HBA U/S 24 | - | Deduction | Maximum Rs.1,50,000 |
| Reimbursement of Medical Exp. U/S 17(2)V | - | Deduction | Maximum Rs.15,000 |
| U/S 80C | - | Deduction | Maximum Rs.1,00,000 |
| Refund of loan taken for the construction of House | - | Deduction | Maximum Rs.1,00,000 |
| C.P.F / G.P.F | - | Deduction | Maximum Rs.1,00,000 |
| G.I.S | - | Deduction | Actual |
| LIC Premium | - | Deduction | Maximum Rs.1,00,000 |
| Subscription of N.S.C. / P.P.F | - | Deduction | Maximum Rs.1,00,000 |
| Interest Occurred on investment in N.S.C. | - | Deduction | Maximum Rs.15,000 |
| C.T.D. / L.I.P. / ULIP (Mutual Fund) | - | Deduction | Maximum Rs.1,00,000 |
| Unit Linked Plan | - | Deduction | Maximum Rs.1,00,000 |
| Tuition Fee (Limited to 2 children) & (After XII th full time course) | - | Deduction | Maximum Rs.1,00,000 |
| 5 Years Fixed deposit & 5 years time deposit scheme | - | Deduction | Maximum Rs.1,00,000 |
| U/S 80D CCC | - | Deduction | Maximum Rs.10,000 |
| U/S 80CCD | - | Deduction | Maximum 10% of BP & DA (Recruited on or after 1.1.2004) |
| Medi Claim Premium U/S 80D | - | Deduction | Maximum Rs.15,000 (Other than above Rs.1,00,000) |
| Premium paid for Self, Spouse & Children | - | Deduction | Maximum Rs.15,000 (other than above Rs.1,00,000) |
| Premium paid for Parents (If parent is not senior citizen) | - | Deduction | Maximum Rs.20,000 (Other than above Rs.1,00,000) |
| Premium paid for Parents (If parent is senior citizen) | - | Deduction | Maximum Rs.20,000 (Other than above Rs.1,00,000) |
| U/S 80DD | - | Deduction | Handicapped dependents :spouse, son / daughter, parents and brother / sister - Deduction Rs.75,000 to Rs.1,00,000 |
| U/S 80DDB | - | Deduction | Maximum Rs.400,00 (other than above Rs.1,00,000) |
| U/S 80E | - | Deduction | Entire amount (Interest on higher Education/Study loans) |
| U/S 80 G | - | Deduction | Deduction for contribution to charitable organization |
| U/S 80U | - | Deduction | Disability Deduction Rs.75,000 to Rs.1,00,000 |
| Tax Relief - Additional savings in Infrastructure Bonds : Rs.20,000 | |||
| CGHS subscription will be exempted u/s 80D | |||
Source: CGStaffNews
Good Attempt ... but kindly clarify what you have given regarding the rebate for Transport Allowance
ReplyDeletewhat about physicallyhandicapped persons transport allowance tax examtion whether fully exemt or partially and , tax examtion for PH 50000/ or 75000, 100000, sir I have 70% disiability how much I exemt for tax plz clriry it thank u
ReplyDeleteI am getting now getting rebet only 800/ P.M on tranceport examtion and Iam getting income tax exmtion 50000/ so in new tax code for the year 2010-2011 Ihave 70% disibility ortho cader rate how much I am going to get plz clarifiti thank u
ReplyDeletekrishnamurthy.
Whether the monthly subscription towards Central Government Health Scheme (CGHS)is exempted under Section 80 D of Income Tax Act...??
ReplyDeletePlease confirm..... thanks in advance....
CGHS subscription will be exempted u/s 80D. pl send order or link.
ReplyDeletei want information about income tax slab for minister of defense for year 2010-11
ReplyDelete