Employees GIS

PUBLIC SERVICES – Employees Welfare Scheme – Andhra Pradesh State Employees Group Insurance Scheme – 1984 – Revised Rate of Interest on Accumulated Savings Fund Communication of Tables of Benefits for Savings Fund for the Period from 01-01-2018 to 31-03- 2018 – Revised Tables – Orders – Issued.

G.O.MS.No.51,FINANCE (ADMIN-III) DEPARTMENT,Dt:24-04-2018    ::  CLICK HERE

 

GIS Software in Excel from 01-01-2018 to 31-03- 2018                        ::  CLICK HERE

 

AP Employees GIS/Group Insurance Scheme

Group Insurance Scheme introduced to the State Government employees in place of Family benefit scheme w.e.f. 01-11-1984.  The employees have been classified into (4) Groups i.e. Group A, B, C & D depending upon the scale of pay drawn by them. Consequent on implementation of Revised Scales of Pay, 1986 to the State Government has revising the groups based on the scale of pay, consequent on the implementation of Revised Scales of Pay respectively. 

The classified Groups described the Units

Group “D” - 1 (One) Unit

Group “C” - 2 (Two) Units

Group “B” - 4 (Four) Units and 

Group ”A” - 8 (Eight) Units 

The amount of insurance cover will be Rs.15,000/- for each unit of subscription.

To ensure proper implementation of the scheme, all the Heads of Departments are requested to follow the instructions given below scrupulously.

1. The date of assumption of the charge of a higher post and the date of orders of reversion to a lower post shall be taken as criterion for determining the change of group.
2. In case of appointment to Automatic Advancement Scale, the date of orders shall be taken as criterion for change of higher group.  
3. The Drawing and Disbursing Officer shall be held responsible for recovery of correct subscription in respect of the group to which the employee belongs and in case of failure, the difference due shall be recovered from the Drawing and Disbursing Officer concerned.  
4. Regular audit of all claims under Group Insurance Scheme, and send a report to the Head of the Department concerned for any lapse.  
5. The Head of the Department concerned shall take action against the erring Officials who are responsible for the excess/less recoveries, wherever they are detected.
6. If an employee's subscription is not recovered during his service period, the total subscription along with interest shall be recovered from the payments admissible to him.
7. All the Head of Departments should take prompt action for recording the necessary subscription entries in the Service Register's of the employees under proper attestation every year i.e., April to March.

                         Different Forms

           Form 1           :  New subscription

           Form 2           :  Enhancement of Subscription

           Form 3           :  Final Payment Application

           Form 4           :  Intimation Letter to the Nominee

           Form 5           :  Application of theNominee

           Form 6 & 7    :  Nomination Forms

           Form 8           :  Group wise register of members (H.O.O.)

• Final Payment Form : APTC Form 40

• Head of Account:           8011 Insurance & Pension Fund

                                  107 State Govt. Employees GIS

                                            01 G.I.S.

      001 Insurance Fund

      002 Savings Fund

                                          003 Interest on Savings 

GIS Slab rates for PRC 2010

Sl. No	Existing Slabs as per Revised Slabs of Pay under Revised Scales of Pay, 2005	Corresponding proposed Slabs in the Pay under Revised Scales of Pay, 2010	Classification of Groups	Unit of Subscription (Rs. 15/- per each Unit)
1	Rs. 10285 – 30765	Rs. 18030 – 55660	A	8 Units Rs. 120/-
2	Rs. 6675 – 21550	Rs. 11860 – 42590	B	4 Units Rs. 60/-
3	Rs. 4825 – 15025	Rs. 8440 – 33200	C	2 Units Rs. 30/-
4	Rs. 3850 – 10285	Rs. 6700 – 23650	D	1 Units Rs. 15/-

GIS Scheme in Revised Scales of Pay 2015:

1. Revised Scales of Pay 2015 have been implemented  vide the G.O.Ms.No.25, Finance (HRM-IV) Department, dated:18.03.2015 to the State Government Employees.

2. In the G.O.MS.No. 151 Finance (Admn-I) Department Dated: 16/10/2015 the Director of Insurance has proposed to revise the groups with reference to the Revised Scales of Pay, 2015 and issue necessary orders as it has become necessary to regroup the employees under the State Employees Group Insurance Scheme with reference to Pay drawn by them.

3. There is however no change in the insurance cover i.e. the amount of insurance cover will be Rs. 15,000/- for each unit of subscription.

4. In so far as the persons for whom the claims arose during the period from June, 2014 to September, 2015, the settlement as per the old slab rates and there shall be no recovery from such persons.

A.P. GROUP INSURANCE SCHEME

SLABS/RATES FOR FOREST EMPLOYEES IN RPS 2015

Grade	Pay slab in the PRC 2015	Group	Rate of Recovery in Rs.	No. of Units
I to VI	13000-40270 to 15460-47330	D	15	1
VII to XII	16400-49870 to 22460-66330	C	30	2
XIII to XIX	23100-67990 to 31460-84970	B	60	4
XX to XXXII	35120-87130 to 80930-110850	A	120	8

Forest Department Employees Cader wise

S. No.	Name of the category	Pay slab in the PRC 2015	Group	Rate of Recovery in Rs.
1	Asst. Conservator of Forests/D.F.O.	40270-93780	A	120
2	Accounts Officer	40270-93780	A	120
3	Forest Range Officer	31460-87970	B	60
4	Superintendent	28940-78910	B	60
5	Deputy Range Officer	26600-77030	B	60
6	Senior Assistant	22460-66330	C	30
7	Technical Assistant (DM Gr.II)	22460-66330	C	30
8	Forest Section Officer	21230-63010	C	30
9	Driver (Heavy)	17890-53950	C	30
10	Junior Assistant	16400-49870	C	30
11	Forest Beat Officer	16400-49870	C	30
12	Driver (Light)	15460-47330	D	15
13	Asst. Beat Officer	15030-46060	D	15
14	Thanadar	13390-41380	D	15
15	Officer Subordinate	13000-40270	D	15
16	Officer Watcher	13000-40270	D	15

Note	If any employee promoted/changed from one time scale to another time scale the enhancement of GIS slab rates should be effected from his pay with effect from 1st November of the calendar year.

GO 13 GIS Savings Table from 1st Jan 2016 to 31st Dec 2016

PUBLIC SERVICES – Employees Welfare Scheme – Andhra Pradesh State Employees Group Insurance Scheme – 1984 – Revised Rate of Interest on accumulated Savings Fund - Communication of Tables of Benefits for Savings Fund for the Period from 01.01.2016 to 31.12.2016 – Revised Table – Orders – Issued.

GO.Ms.no.13, Finance (Admn.DI&IF)Department, Dt.24-01-2017.

This simplified GIS Table is applicable to those who are retired /deceased from 01-01-2016 to 31- 12-2016 i.e. calendar Year 2016 only.
The employees who were retired/died on or before 31-12-2015 old tables are applicable.

Read the following:- 

1. G.O.Ms.No.293, Finance & Planning (FW.Accts.II) Dept., dated: 08.10.1984.
2. G.O.Ms.No.312, Finance & Planning (FW.Admn.II) Department, dated: 06.11.1984.
3. G.O.Ms.No.367, Finance & Planning (FW.Admn.II) Department, dated: 15.11.1994.
4. G.O.Ms.No.381, Finance & Planning (FW.Admn.II) Department, dated: 05.12.1994.
5. G.O.Ms.No.382, Finance & Planning (FW.Admn.II) Department, dt: 05.12.1994.
6. G.O.Ms.No.99, Finance (Admn.II) Department, dated: 06.08.2015.
7. G.O.Ms.No.1638, Finance (HR.V) Department, dated: 27.06.2016.
8. LetterNo.02/GIS-I/2016-17,dt:27.06.2016,27.07.2016, 30.08.2016,19.10.2016 and 14.12.2016 of the Director of Insurance, A.P.,Ibrahimpatnam.

O R D E R: 

• In the reference 1st read above, orders were issued introducing Group Insurance Scheme to the State Government Employees in place of Family Benefit Scheme with effect from 01.11.1984. According to Para 9 of the reference 1st read above, the accumulations of Savings Fund part and Insurance Fund part shall carry interest at the rates prescribed by Government from time to time. 
• 2. In the reference 2nd read above, orders were issued for apportioning the subscription of each unit of Rs. 10/- between Insurance Fund and Savings Fund in the ratio of Rs. 3.125 paisa and Rs. 6.875 paisa respectively. 
• 3. In the reference 3rd above, orders were issued for revision of rate of subscription each unit from Rs. 10/- to Rs. 15/- with effect from 01.11.1994. In modification of the Para 9 of the Government orders 1st read above, orders were issued vide reference 4th read above, for fixing the interest on the accumulations of the Savings Fund of the Member of the Scheme for the State as a whole and shall be paid at the Rate of 12 % per annum compounded Quarterly with effect from 01.11.1994.In the reference 5th read above, orders were issued for apportionment of the subscription of each unit Rs. 15/- between Insurance Fund and Savings Fund in the ratio of Rs.4.50/- and Rs. 10.50/- respectively with effect from 01.11.1994. The amount of Insurance coverage will be Rs. 15,000/- for each unit of subscription. 
• 4. The rate of interest on accumulations of Savings Fund of the Member of the Scheme and the interest on the Insurance Fund from time to time is as follows:-. 

Financial Year	Rate of Interest	Government Order
11/1984 to 10/1994	10	G.O.Ms.No.293, Finance & Planning (FW.Accts.II) Department, dated:08-10-1984.
11/1994 to 03/2000	12%	G.O.Ms.No.381, Finance & Planning (FW.Admn.II) Department, dated:05-12-1994
01-04-2000 to 31-03-2001	11%	G.O.Ms.No.63, Finance & Planning (FW.Pen.II) Department, dated:06-06-2000
01-04-2001 to 31-03-2002	9.5%	G.O.Ms.No.345, Finance & Planning (FW.Pen.II) Department, dated:07-07-2001
01-04-2002 to 31-03-2004	9%	G.O.Ms.No.703, Finance & Planning (FW.Pen.II) Department, dated:19-07-2002
01-04-2004 to 31-11-2011	8%	G.O.Ms.No.625, Finance & Planning (FW.Pen.II) Department, dated:02-09-2004
01-12-2011 to 31-03-2012	8.6%	G.O.Ms.No.2425, Finance (FW.Pen.II) Department,dated:10-05-2012
01-04-2012 to 31-03-2013	8.8%	G.O.Ms.No.2735, Finance (FW.Pen.II) Department,dated:16-06-2012
01-04-2013 to 31-03-2016	8.7%	G.O.Ms.No.2142, Finance (FW.Pen.II) Department,dated:30-04-2013
01-04-2016 to 31-12-2016	8.1%	G.O.Rt.No.1638,Finance(HR.5 Pen.GPF)deptt dated 27-06-2016

• 5. In the reference 7th read above, Government have issued orders to reduce the rate of interest from 8.7% to 8.1% per annum on the Provident Funds and other similar Funds i.e. Andhra Pradesh Government Life Insurance Funds maintained by the Government of Andhra Pradesh on par with rates ofGovernment of India until further orders. 
• 6. In view of the above circumstances and after careful examination of the matter, Government hereby order that, the revised rates of interest on the Andhra Pradesh Group Insurance Savings Funds shall be allowed at 8.1% per annum from 01.04.2016 onwards. The Table is revised and issued for the periods covering from 01.01.2016 to 31.12.2016 to keep in align with the calendar year as was done by Government of India. (The revised Table is appended to the GO along with illustrations Sheet). This simplified Table is applicable to those who are retired /deceased from 01-01-2016 to 31- 12-2016 i.e. calendar Year 2016 only. The employees who were retired/died on or before 31-12-2015 old tables are applicable.

Gratuity

Death/Retirement Gratuity

Retirement Gratuity Formula Minimum Service GO 14 Dated 30-1-1999 APRPR Rule 46. AP RPS 1980 Rule 46 deals with Retirement Gratuity of AP Employees. As per the Andhra Pradesh Revised Pension Rules 1980 Rule 46 and GO No 14 Fin & Plg Dated 30-1-1999 the complete details of Calculation of Retirement Gratuity can be learnt. The Formula for Calculation of Retirement Gratuity is available vide GO 14 dated 30.1.1999. Let us the details of Formula and Rules of Retirement Gratuity, Eligibility and Minimum Service Required for Retirement Gratuity for Employees, who were appointed before 1.9.2004.

1. Eligibility and Minimum Service Required for Retirement Gratuity

2. Formula of Retirement Gratuity

3. Example for Calculation of Retirement Gratuity

Eligibility & Minimum Service Required for Retirement Gratuity.

As per the Rule 46 (1)(a) of Andhra Pradesh Revised Pension Rules 1980 / APRPS 1980::

"A Government servant, who has completed five years qualifying service and has become eligible for service gratuity or pension under Rule 45 shall on his retirement, be granted retirement gratuity:" Hence from the above statement and rule it is clear that a Government Servant who has completed 5 (five) years and retired is eligible for sanction of Retirement Gratuity. A Govt servant who has retired without completion of five years of Service is not eligible for Retirement Gratuity.

Formula ::   Retirement Gratuity Calculation Formula The Government also hereby order that the Retirement Gratuity under Rule 46 (1)(a) of Revised Pension Rules 1980 shall be granted equal to 1/4th of the Pay Last Drawn for each completed six monthly periods of service (Subject to a maximum of sixty six times of such six monthly periods) or 16 1/2 (Sixteen and half) months pay last drawn or Rs.1,75,000 whichever is less. Emoluments for this purpose shall be as defined in Rule 31 of Revised Pension Rules, 1980.  Note: 1. The maximum ceiling amount is amended from time to time.           2. Last Pay Drawn includes Basic Pay and DA.           3. The Total Number of Six monthly periods shall not exceed 66.           4. A fraction of year : 3 months or more be treated as 1 half year.                      (Last Basic Pay Drawn  + D.A.) X  SMP         A  =        --------------------------------------------------                                                      4                                                                                      (OR)         B   =   (Last Basic Pay Drawn  + D.A.) X ¼ X Qualifying Service Half Years ​                                                     (OR) ​         C      =    Rs.1200000 / -   which ever is less.

Example:

There are three conditions mentioned in this rule and out of the three conditions, the least one will be sanctioned as Retirement gratuity.

1. 1/4th of the Last Pay Drawn (Basic Pay + DA) x Half Yearly Service Units/Six Monthly Periods. (Each Six Months period is taken One Half Yearly Service Unit. For example for 6 years service, there will be 12 six monthly service periods and for 6 years 7 months service there will be 13 six monthly service periods).
2. 16 1/2 x Last Pay Drawn ( means 16.5 times of Last pay drawn)
3. Maximum Ceiling Limit of 12 Lakhs for employees retired on or after 2.6.2014. (As per G.O.MS.No. 6, Finance (HRM.V-Pension) Department dated 11-01-2016 it is currently Rs. 12,00,000/-; Recently amended vide RPS;2015.)

The Least of the above three will be sanctioned as Retirement Gratuity for that Employee.

Retirement Gratuity

This is payable to the retiring Government servant. A minimum of 5 years qualifying service and eligibility to receive service gratuity/pension is essential to get this one time lump sum benefit. Retirement gratuity is calculated @ 1/4th of a months Basic Pay plus Dearness Allowance drawn before retirement for each completed six monthly period of qualifying service. There is no minimum limit for the amount of gratuity. The retirement gratuity payable is 16 times the Basic Pay, subject to a maximum of Rs. 12 lakhs.

Death Gratuity

This is a one-time lump sum benefit payable to the widow/widower or the nominee of a permanent or a quasi-permanent or a temporary Government servant, including CPF beneficiaries, dying in harness. There is no stipulation in regard to any minimum length of service rendered by the deceased employee. Entitlement of death gratuity is regulated as under:

Qualifying Service	Rate
Less than one year	2 times of basic pay
One year or more but less than 5 years	6 times of basic pay
5 years or more but less than 20 years	12 times of basic pay
20 years of more	Half of emoluments for every completed 6 monthly period of qualifying service subject to a maximum of 33 times of emoluments.

Maximum amount of Death Gratuity admissible is Rs. 12 lakhs w.e.f. 11.1.2016.

Service Gratuity

A retiring Government servant will be entitled to receive service gratuity (and not pension) if total qualifying service is less than 10 years. Admissible amount is half months basic pay last drawn for each completed 6 monthly period of qualifying service. There is no minimum or maximum monetary limit on the quantum. This one time lump sum payment is distinct from and is paid over and above the retirement gratuity.

Issue of No Demand Certificate

Dues owed by the retiring employees on account of Licence Fee for Government accommodation, advances, over payment of pay and allowances are required to be assessed by the Head of Office and intimated to the Accounts Officer two months in advance of the date of retirement so that these are recovered from retirement gratuity before payment. For this purpose the Licence Fee for those in occupation of Government accommodation is taken into account up to the end of the permissible period for which accommodation can be retained after retirement under the Rules on normal rent. The recovery of Licence Fee beyond that period is the responsibility of the Directorate of Estates. If, for any reason final dues cannot be assessed on time, then 10% of gratuity is withheld from gratuity.

APPSC OTPR Online Registration

APPSC OTPR Online Registration

www.psc.ap.gov.in

One Time Profile Registration for Department:

Enter valid URL http://www.psc.ap.gov.in; the following screen will be displayed. 

Click on One Time Profile Registration link in the highlighted red mark for registering into Andhra Pradesh Public Service Commission Portal as shown below screen. 

After clicking on One Time Profile Registration link, the following screen will be displayed. Click on Departmental Test as shown in the below screen.

After selecting the Departmental Test option, the following screen will be displayed. Click on Andhra Pradesh State Government Employees as shown in the below screen.

Note: Before using this site, Applicant should turn on Pop up Blocker. 

New Registration: 

• Using this screen Andhra Pradesh State Government Employee can register his/her profile with Andhra Pradesh Public Service Commission. 
• Applicant should fill in the form provided for OTPR (One Time Profile Registration) and after submission. Applicant will get unique Reference ID to the Applicant Mobile Number and Email Id. 
• Applicant also gets different codes to his/her mobile and Email for checking the correctness of the mobile number and email id provided by him/her. 
• Applicant should keep this Reference ID, Mobile Code and Email Code (Sent to corresponding Mobile Number and Email Address given) for Confirming the Registration. The confirmed Reference ID should be kept with the applicant for future correspondence. 

After clicking on Andhra Pradesh State Government Employees link the following screen will be displayed. Click on New Registration link for filling the application as shown in the below screen.

After clicking on New Registration link, the following screen will be displayed. Enter all the mandatory details and Click on Preview button as shown in the below screen.

After clicking on Preview button the following screen will be displayed. Enter displayed Captcha and click on Submit button as shown in the below screen.

After clicking on Submit button, the following screen will be displayed. Click on OK button as shown in the below screen. After that Mobile Code and Email Code will be sent to Mobile number and Email ID given in Application.

After clicking on OK button, the following screen will be displayed. Click on Print button for taking the printout of the Candidate Details as shown in the below screen.

Modify Registration:

• If in any case the Andhra Pradesh State Government Employee entered wrong information, using this screen Andhra Pradesh State Government Employee can modify the information. 
• If Applicant has entered incorrect Mobile Number and Email Address, Applicant won’t get Mobile Code or Email Code, in such a scenario using this screen Applicant can edit the Mobile Number and Email Address then the Applicant will get the Mobile Code and Email Code for confirming the application. 
• Apart from Mobile number and email id correction, this screen can also be used by the Applicant to update the fields in the form which he/she has wrongly entered.

Click on Modify Registration link for modifying the employee details if they want as shown in the below screen.

After clicking on Modify Registration link, the following screen will be displayed. Enter OTPR Reference ID, Date of Birth, Captcha and click on Submit button as shown in the below screen.

After clicking on Submit button, the following screen will be displayed. Modify what they want and click on Modify button as shown in the below screen.

After clicking on Modify button, the following pop up will be displayed with Registration details modified successfully. Then click on OK button for as shown in the below screen.

After clicking on OK button, the following screen will be displayed. Click on Print button for taking the printout of the Candidate Details as shown in the below screen.

Confirm Registration: 

• To confirm the Registration, Andhra Pradesh State Government Employee should enter Reference ID, Mobile Code, and Email Code and click on submit button. 
• Only after confirmation of the application, application will be termed as successfully registered with APPSC. 

Click on Confirm Registration link for confirming the application as shown in the below screen. 

  

After clicking on Confirm Registration link, the following screen will be displayed. Enter OTPR Reference ID, Captcha and click on Go button as shown in the below screen. 

After clicking on Go button, the following screen will be displayed. Enter Mobile Code and Email Code (sent to the employee Mobile Number and Email Id given in application) Then click on Confirm Registration button as shown in the below screen.

After clicking on Confirm Registration button, the following confirmation pop up will be displayed. Click on OK button as shown in the below screen.

After clicking on OK button, the following screen will be displayed. Click on Ok button for confirming the application as shown in the below screen.

INCOMETAX FY 2015-16

Deductions from Gross Total Income

       The impact of Deductions available under various sections of Income Tax Act is not same for all. It depends upon applicable tax rates as per the total taxable income and status of assessees. An assessee, whose income is taxable at higher rates will have more tax savings i.e. more impact on his / her tax liability than the assessee whose income is taxable at lower rates. You may use Maximize Tax Savings tool to check the impact of various available deductions to you on your tax liability.

Deductions Allowable under various sections of Chapter VIA of Income Tax Act :

•  Section 80C (Various investments)	•  Section 80CCC (Premium for annuity plans)
•  Section 80CCD(1) (Assessee's contribution to pension a/c)	•  Section 80CCD(2) (Employer's contribution to pension a/c)
•  Section 80CCD (Additional contribution to NPS)	•  Section 80CCG
•  Section 80D (Medical/health ensurance)	•  Section 80DD (Reh. of handicapped dependent relative)
•  Section 80DDB (Medical exp. on self/dependent relative)	•  Section 80E (Intt. on loan for higher studies)
•  Section 80G (Donations)	•  Section 80EE (Intt. on loan for residential house property)
•  Section 80G (Donations)	•  Section 80GG (House rent)
•  Section 80GGA (Donations)	•  Section 80GGC (Sci. Research/Rural Dev.)
•  Section 80RRB (Royalty on patents)	•  Section 80QQB (Royalty on books)
•  Section 80TTA (Saving bank intt.)	•  Section 80U (Physical disability)
•  Section 24 (Home loan intt.)

Deductions under Section 80C (Available to Individuals / HUFs)
For investments in specified schemes, saving instruments etc.

The aggregate of total deduction available under sections 80C, 80CCC and 80CCD is limited to whole of the amount paid or deposited subject to a maximum of Rs. 1,50,000/- for investment in one or more of the following :

• Life Insurance Premium For individual, policy must be in self or spouse's or any child's name in case of individuals and on life of any HUF member in case of HUF.
• Sum paid under contract for deferred annuity for individual, on life of self, spouse or any child .
• Sum deducted from salary payable to Govt. Servant for securing deferred annuity for self-spouse or child Payment limited to 20% of salary.
• Contributions by an individual made under Employees' Provident Fund Scheme
• Contribution made by a Resident Individual in PPF account. The account can be in the name of self/spouse, any child & for HUF, it can be in the name of any member of the family.
• Contribution by employee to a Recognised Provident Fund.
• Contribution by an employee to an approved superannuation fund
• Deposit in Sukanya Samriddhi Account as natural / legal guardian of girl child.
• Subscription to notified savings certificates [National Savings Certificates]
• Contribution for participation in unit-linked Insurance Plan of UTI
• Contribution to notified unit-linked insurance plan of LIC Mutual Fund [Dhanaraksha 1989]
• Subscription to notified deposit scheme or notified pension fund set up by National Housing Bank [Home Loan Account Scheme/National Housing Banks (Tax Saving) Term Deposit Scheme, 2008]
• Tuition fees (excluding development fees, donations, etc.) paid by an individual to any university, college, school or other educational institution situated in India, for full time education of any 2 of his/her children
• Certain payments for purchase/construction of residential house property
• Subscription to notified schemes of (a) public sector companies engaged in providing long-term finance for purchase/construction of houses in India for residential purposes/(b) authority constituted under any law for satisfying need for housing accommodation or for planning, development or improvement of cities, towns and villages, or for both
• Sum paid towards notified annuity plan of LIC (New Jeevan Dhara/New Jeevan Dhara-I/New Jeevan Akshay/New Jeevan Akshay-I/New Jeevan Akshay-II/Jeewan Akshay-III plan of LIC) or other insurer
• Subscription to any units of any notified [u/s 10(23D)] Mutual Fund or the UTI (Equity Linked Saving Scheme, 2005)
• Contribution by an individual to any pension fund set up by any mutual fund which is referred to in section 10(23D) or by the UTI (UTI Retirement Benefit Pension Fund)
• Subscription to equity shares or debentures forming part of any approved eligible issue of capital made by a public company or public financial institutions
• Subscription to any units of any approved mutual fund referred to in section 10(23D), provided amount of subscription to such units is subscribed only in 'eligible issue of capital' referred to above.
• Term deposits for a fixed period of not less than 5 years with a scheduled bank, and which is in accordance with a scheme framed and notified.
• Subscription to notified bonds issued by the NABARD.
• Deposit in an account under the Senior Citizen Savings Scheme Rules, 2004 (subject to certain conditions)
• 5-year term deposit in an account under the Post Office Time Deposit Rules, 1981 (subject to certain conditions)

Section 80CCC (Available to Individuals)
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/-.

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.

Note: The limit for maximum deduction available under Sections 80C, 80CCC and 80CCD(1) (combined together) is Rs. 1,50,000/-.

Section 80CCD (1) (Available to Individuals)
Deduction in respect of Contribution to Pension Account (by Assessee}

Deduction available for the amount paid or deposited in a pension scheme notified or as may be notified by the Central Government subject to a maximum of :

(a) 10% of salary in the previous year in the case of an employee

(b) 10% of gross total income in any other case.

The maximum deduction allowable under the secion is Rs. 1.00 lac. Rs. 1.50 lacs w.e.f. 01.04.2015 in case of contribution to New Pension Scheme (NPS).

Section 80CCD (2) (Available to Individuals)
Deduction in respect of Contribution to Pension Account (by Employer}

Deduction available for the amount paid or deposited by the employer of the assessee in a pension scheme notified or as may be notified by the Central Government subject to a maximum of 10% of salary in the financial year.

Section 80CCD (Available to Individuals)
Additional Contribution to New Pension Scheme (NPS)

A deduction of upto Rs. 50,000 is available over and above the limit of Rs. 1.50 lakh in respect of contributions made to NPS under Section 80CCD(1).

Section 80CCG (Available to specified Resident Individuals)

50 per cent of amount invested by resident individuals, whose gross total income does not exceed Rs. 12 lakhs, in listed shares or listed units in accordance with notified scheme for a lock-in period of 3 years (Subject to certain conditions). Maximum deduction : Rs. 25,000/-.

Section 80D (Available to Individuals / HUFs)
Deduction in respect of Medical Insurance

Deduction is available upto Rs. 30,000/- (enhanced from Rs. 20,000 w.e.f. 01.04.2015) for senior citizens and upto Rs. 25,000/- (enhanced from Rs. 15,000 w.e.f. 01.04.2015) 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. 30,000/- (enhanced from Rs. 20,000 w.e.f. 01.04.2015) if parents are senior Citizen and Rs. 25,000/- (enhanced from Rs. 15,000 w.e.f. 01.04.2015) in other cases. Therefore, the maximum deduction available under this section is to the extent of Rs. 60,000/- in case of individuals and Rs. 30,000/- in case of HUFs. From AY 2013-14, within the existing limit a deduction of upto Rs. 5,000 for preventive health check-up is available.

Section 80DD (Available to Resident Individuals / HUFs)
Deduction available to resident Individual and HUF in respect of Rehabilitation of Handicapped Dependent Relative

Deduction of Rs. 75,000/- (enhanced from Rs. 50,000 w.e.f. 01.04.2015) in respect of

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 defendant is a person with severe disability a deduction of Rs. 125,000/- (enhanced from Rs. 1,00,000 w.e.f. 01.04.2015) shall be 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 (Available to Individuals / HUFs)
Deduction allowed to resident Individual and HUF in respect of Medical Expenditure on Self or Dependent Relative

A deduction to the extent of Rs. 40,000/- (Rs. 60,000 in case of senior citizen) 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 80E (Available to Individuals)
Deduction in respect of Interest on Loan for Higher Studies

Deduction in respect of interest on loan taken for pursuing higher education (subject to certain conditions) (maximum period : 8 years).

Section 80EE (Available to Individuals)
Deduction in respect of Interest on Residential House Property

The deduction under this sub-section is available w.e.f. AY 2014-15. The maximum deduction available is Rs. 1 lac. In a case where the interest payable for the financial year 2013-14 is less than Rs. 1 lac, the balance deduction amount shall be available in AY 2015-16.
The deduction under sub-section (1) shall be subject to the following conditions :

1. the loan has been sanctioned by the financial institution during the period beginning on the 1st day of April, 2013 and ending on the 31st day of March, 2014;
2. the amount of loan sanctioned for acquisition of the residential house property does not exceed twenty-five lakh rupees;
3. the value of the residential house property does not exceed forty lakh rupees;
4. the assessee does not own any residential house property on the date of sanction of the loan.

If deduction for Housing Loan Interest is availed under this section, no deduction can be availed for such interest under any other provisions of the Act for the same or any other assessment year.

Section 80G (Available to all assessees)
Deduction in respect of Various Donations

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

Section 80GG (Available to Individuals not receiving any house rent allowance)
Deduction in respect of House Rent Paid

Deduction available is the least of

1. Rent paid less 10% of total income
2. Rs. 2000/- per month i.e. Maximum Deduction available is 24,000/-
3. 25% of total income, provided
   • Assessee or his spouse or minor child should not own residential accommodation at the place of employment.
   • He should not be in receipt of house rent allowance.
   • He should not have self occupied residential premises in any other place.

Section 80GGA (Available to All assessees not having any income chargeable under the head 'Profits and gains of business or profession')

Deduction in respect of certain donations for scientific research or rural development

Section 80GGB (Available to Indian company)
Sum contributed to any political party/electoral trust

Section 80GGC (Available to All assessees, other than local authority and artificial juridical person wholly or partly funded by Government)

> Deduction in respect of contributions given by any person to political parties.

Section 80QQB (Available to Resident Individual - Author)
Royalty Income of resident individuals on patents.

Maximum deduction Rs. 3,00,000/-

Section 80RRB (Available to Resident Individuals)
Royalty Income of resident individual authors of certain books other than text books.

Maximum deduction Rs. 3,00,000/-

Section 80 TTA (Available to Resident Individuals/HUFs)
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. 01.04.2012 (Assessment Year 2013-14).

Section 80U (Available to Resident Individuals)
Deduction in respect of Person suffering from Physical Disability

Deduction of Rs. 75,000/- (enhanced from Rs. 50,000 w.e.f. 01.04.2015) to a resident 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. 125,000/- (enhanced from Rs. 1,00,000 w.e.f. 01.04.2015) shall be available u/s 80U. Certificate should be obtained from a Govt. Doctor. The relevant rule is Rule 11D.

Deductions Allowable under Section 24 of Income Tax Act :

Where a housing property has been acquired / constructed / repaired / renewed with borrowed capital, the amount of interest payable yearly on such capital is allowed as deduction under Section 24 of Income Tax Act, subject to the limits stated below. Penal interest on housing loan is not eligible for deduction. If a fresh loan has been raised to repay the original loan and the new loan has been used only for the purpose of repaying the original loan then, the interest accrued on such fresh loan is allowed for deduction.

1. If the property is acquired or constructed with the capital borrowed on or after 01-04-1999 and such acquisition or construction is completed within 3 years of the end of the financial year in which capital was borrowed then the actual interest payable is allowed as deduction subject to a maximum Rs. 2,00,000/- (Rs. 1,50,000/- upto 31.03.2015).
2. In other case interest up to maximum Rs. 30,000/- is deductible.
3. The ceiling of Rs.2,00,000/- (Rs. 1,50,000 upto 31.03.2015) or Rs. 30,000/- is only in case the property is self occupied. There is no limit on deduction of interest if the property is let out.

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