![]() ![]() The e-Filing option also remains available to them.Īs per Section 208, every person whose estimated tax liability for the year is ₹ 10,000 or more, shall pay his tax in advance, in the form of Advance Tax. Super Senior Citizens (aged 80 years or more) have the option to submit their ITR using Form 1 or 4 in offline / paper mode. ![]() The additional benefits are listed below: In addition to tax benefits applicable regardless of age of taxpayer, there are certain enhanced / additional benefits for Senior / Super Senior Citizen. These Deductions will not be available to a taxpayer opting for the New Tax Regime u/s 115 BAC, except for deduction u/s 80CCD(2) which will be allowable under New Tax Regime as well.ĭeductions for an individual taxpayer with Disabilityįlat ₹ 75,000 deduction for a person with Disability, irrespective of expense incurredįlat ₹ 1,25,000 deduction for a person with Severe Disability (80% or more), irrespective of expense incurred Tax deductions specified under Chapter VI-A of the Income Tax Act Interest on loan u/s 24(b) allowable is tabulated below:Ĭonstruction or purchase of house propertyĬonstruction or purchase of House property However, this deduction is not available for person opting for New tax Regime. In case of self-occupied property, the upper limit for deduction of interest paid on housing loan is ₹ 2 lakh. Section 24(b) – Deduction from Income from house property on interest paid on housing loan and housing improvement loan. ![]() Investments / Payments / Incomes on which I can get tax benefit Central & State Government Department/Approved Undertaking Agency.Deductions on which I can get tax benefit. ![]()
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