Details of tax deductions
proposed in the Union Budget 2015-16 are as follows:
·
|
Deduction
u/s 80C
|
Rs
1,50,000
|
·
|
Deduction
u/s 80CCD
|
Rs
50,000
|
·
|
Deduction
on account of interest on house property loan (Self occupied property)
|
Rs
2,00,000
|
·
|
Deduction
u/s 80D on health insurance premium
|
Rs
25,000
|
·
|
Exemption
of transport allowance
|
Rs
19,200
|
Total
|
Rs
4,44,200
|
Seventh
Pay Commission likely to submit report in October 2015
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