{"id":51,"date":"2015-04-09T05:59:11","date_gmt":"2015-04-09T05:59:11","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=51"},"modified":"2025-12-11T23:44:59","modified_gmt":"2025-12-11T18:14:59","slug":"amendments-to-deduction-under-chapter-vi-a","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/","title":{"rendered":"Budget Amendments on deduction of chapter VI-A"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e50cc7aaf32\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e50cc7aaf32\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Budget_Amendments_on_deduction_of_chapter_VI-A\" title=\"Budget Amendments on deduction of chapter VI-A\">Budget Amendments on deduction of chapter VI-A<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80C\" title=\"Section 80C:\">Section 80C:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80D\" title=\"Section 80D : \">Section 80D : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80DD\" title=\"Section 80DD :\">Section 80DD :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80DDB\" title=\"Section 80DDB : \">Section 80DDB : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80U\" title=\"Section 80U : \">Section 80U : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Section_80JJAA\" title=\"Section 80JJAA : \">Section 80JJAA : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Deduction_Us_80G\" title=\"Deduction U\/s 80G : \">Deduction U\/s 80G : <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/amendments-to-deduction-under-chapter-vi-a\/#Comparison_of_7_popular_tax-free_investment_options_in_India\" title=\"Comparison of 7 popular tax-free investment options in India\">Comparison of 7 popular tax-free investment options in India<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Budget_Amendments_on_deduction_of_chapter_VI-A\"><\/span><span style=\"color: #ff0000;\">Budget Amendments on <a href=\"https:\/\/www.caindelhiindia.com\/blog\/income-tax-deductions-to-nri-in-india\/\"><span style=\"color: #ff0000;\">deduction of chapter VI-A<\/span><\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24808\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11..jpg\" alt=\"Deductions from Gross Total Income \u2013 Chapter VI-A\" width=\"850\" height=\"1128\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11..jpg 850w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11.-226x300.jpg 226w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11.-772x1024.jpg 772w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11.-768x1019.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/11.-800x1062.jpg 800w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80C\"><\/span><span style=\"color: #000080;\"><strong>Section 80C:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">All investments in \u2018Sukanya Samridhi Scheme\u2019 were already eligible for deduction under Section 80C.<\/li>\n<li style=\"text-align: justify;\">Now all the withdrawals and interest accrued on such Scheme will also be exempted from tax with retrospective effect from April 1, 2015<\/li>\n<li style=\"text-align: justify;\">Additional<a href=\"https:\/\/carajput.com\/blog\/income-tax-deduction-u-s-80c-80u\/\"> deduction under Section 80CCD<\/a>: Additional deduction of Rs. 50,000 is provided for contribution to pension Scheme under Sec. 80CCD<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80D\"><\/span><span style=\"color: #000080;\"><strong>Section 80D :<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Health Insurance and Medical Expenditure: limit of deduction under Sec. 80D increased from Rs 15000 to Rs 25000<\/li>\n<li style=\"text-align: justify;\">Limit of deduction for senior citizen or very super senior citizen from Rs 20000 to Rs 30000\/-<\/li>\n<li style=\"text-align: justify;\">A deduction is also proposed for payment made on account of medical expenditure of a very senior citizen which does not exceed Rs 30000.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80DD\"><\/span><span style=\"color: #000080;\"><strong>Section 80DD :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Additional deduction for medical treatment of differently-abled persons<\/li>\n<li style=\"text-align: justify;\">Finance Bill, 2015 proposes to amend section 80DD to give additional deduction of Rs 25,000 to differently-abled persons.<\/li>\n<li style=\"text-align: justify;\">As per the proposed amendment additional deduction would be available for medical treatment of dependent persons with disability or severe disability<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24809\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22..jpg\" alt=\"Deductions from Gross Total Income \u2013 Chapter VI-A.\" width=\"852\" height=\"1186\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22..jpg 852w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22.-216x300.jpg 216w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22.-736x1024.jpg 736w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22.-768x1069.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/22.-800x1114.jpg 800w\" sizes=\"(max-width: 852px) 100vw, 852px\" \/><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80DDB\"><\/span><span style=\"color: #000080;\"><strong>Section 80DDB :<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Additional deduction for medical treatment of Super Senior Citizens<\/li>\n<li style=\"text-align: justify;\">Finance Bill proposes additional deduction of Rs. 20,000 under Section 80DDB to Super Senior Citizens (80 years or above), for sum incurred on medical treatment of prescribed disease or ailment.<\/li>\n<li style=\"text-align: justify;\">New deduction for a super senior citizen shall be Rs. 80,000 under this provision.<\/li>\n<li style=\"text-align: justify;\">Benefit of section 80DDB shall be allowed to assessee if he obtains prescription for such medical treatment from a neurologist, an oncologist, an urologist, a haematologist, an immunologist or such other prescribed specialist (not necessarily a Government Doctor).<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24810\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33..jpg\" alt=\"Deductions from Gross Total Income \u2013 Chapter VI-A..\" width=\"857\" height=\"1157\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33..jpg 857w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33.-222x300.jpg 222w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33.-758x1024.jpg 758w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33.-768x1037.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/33.-800x1080.jpg 800w\" sizes=\"(max-width: 857px) 100vw, 857px\" \/><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80U\"><\/span><span style=\"color: #000080;\"><strong>Section 80U :<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Deduction under Section 80U raised limit of deduction raised to Rs. 75,000 in case of person suffering with disability and to Rs. 1,25,000 in case of person suffering with severe disability.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Section_80JJAA\"><\/span><span style=\"color: #000080;\"><strong>Section 80JJAA :<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">Employment of new workmen. It is proposed that the benefit shall be extended to\u00a0all assessees\u00a0with manufacturing units\u00a0rather than restricting it to corporate assessees\u00a0only.<\/li>\n<li style=\"text-align: justify;\">Further in order to enable the smaller units to claim the incentive, the threshold limit on new regular workmen has been reduced from 100 to 50.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Deduction_Us_80G\"><\/span><span style=\"color: #000080;\"><strong>Deduction U\/s 80G :<\/strong> <\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\">An amendment is proposed to section 80G which will provide deduction for donations made to \u2018Swachh Bharat Kosh\u2019 and \u2018Clean Ganga Fund\u2019 as set up by Central Government.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24812\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44..jpg\" alt=\"Deductions from Gross Total Income\" width=\"809\" height=\"1105\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44..jpg 612w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44.-220x300.jpg 220w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24814\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44....jpg\" alt=\"Deduction\" width=\"824\" height=\"313\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44....jpg 611w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/44...-300x114.jpg 300w\" sizes=\"(max-width: 824px) 100vw, 824px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Comparison_of_7_popular_tax-free_investment_options_in_India\"><\/span><span style=\"color: #000080;\"><strong>Comparison of 7 popular tax-free investment options in India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30649\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS.jpg\" alt=\"Comparison of 7 popular tax-free investment options in India\" width=\"1027\" height=\"1125\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS.jpg 1027w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS-274x300.jpg 274w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS-935x1024.jpg 935w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS-768x841.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/04\/COMPARISON-OF-7-TAX-FREE-INVESTMENTS-800x876.jpg 800w\" sizes=\"(max-width: 1027px) 100vw, 1027px\" \/><\/p>\n<div>\n<p><span style=\"color: #000080;\"><strong>Here\u2019s a detailed breakdown Investments Compared<\/strong><\/span><\/p>\n<ol>\n<li><strong>PPF (Public Provident Fund)<\/strong>\n<ul>\n<li>Returns: 7.1% (government set)<\/li>\n<li>Lock-in: 15 years<\/li>\n<li>Tax-Free: Principal + Interest<\/li>\n<\/ul>\n<\/li>\n<li><strong>SSY (Sukanya Samriddhi Yojana)<\/strong>\n<ul>\n<li>Returns: 8%<\/li>\n<li>Lock-in: 21 years<\/li>\n<li>Tax-Free: Principal + Interest<\/li>\n<\/ul>\n<\/li>\n<li>EPF\/VPF (Employee<strong>s\u2019 Provident Fund \/ Voluntary PF)<\/strong>\n<ul>\n<li>Returns: 8.15%<\/li>\n<li>Lock-in: Till retirement<\/li>\n<li>Tax-Free: Principal + Interest<\/li>\n<\/ul>\n<\/li>\n<li><strong>SGB (Sovereign Gold Bonds)<\/strong>\n<ul>\n<li>Returns: 2.5% + Gold Price appreciation<\/li>\n<li>Lock-in: 8 years<\/li>\n<li>Tax-Free: Capital Gains on redemption<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tax-Free Bonds<\/strong>\n<ul>\n<li>Returns: 6\u20138%<\/li>\n<li>Lock-in: 10\u201320 years<\/li>\n<li>Tax-Free: Interest is tax-free<\/li>\n<\/ul>\n<\/li>\n<li><strong>ULIPs (Unit Linked Insurance Plans)<\/strong>\n<ul>\n<li>Returns: Market-linked<\/li>\n<li>Lock-in: 5 years<\/li>\n<li>Tax-Free: If premium &lt; 10% of Sum Assured<\/li>\n<\/ul>\n<\/li>\n<li><strong>ELSS (Equity Linked Savings Scheme)<\/strong>\n<ul>\n<li>Returns: Market-linked<\/li>\n<li>Lock-in: 3 years<\/li>\n<li>Tax-Free: LTCG up to \u20b91 lakh\/year<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<\/div>\n<p style=\"text-align: justify;\">For query or help, contact:\u00a0\u00a0 <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a> or call at 9555 555 480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget Amendments on deduction of chapter VI-A Section 80C: All investments in \u2018Sukanya Samridhi Scheme\u2019 were already eligible for deduction under Section 80C. Now all the withdrawals and interest accrued on such Scheme will also be exempted from tax with retrospective effect from April 1, 2015 Additional deduction under Section 80CCD: Additional deduction of Rs. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2576,2577,2580,2578,2579],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/51"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"predecessor-version":[{"id":30651,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions\/30651"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}